InfoSpace Sells Mobile Unit to Motricity; What’s Left?
It appears the TBJ was on the money with their prediction Durham-based Motricity would buy the mobile services business from InfoSpace.
InfoSpace Inc, a provider of technology for Internet and mobile phone, said it agreed to sell its mobile services business to privately held Motricity for $135 million in cash, to focus on online search. InfoSpace said it expects to return a significant portion of the net proceeds from the sale to shareholders as a special cash distribution.
So really, what’s InfoSpace going to do now? Surely they can’t expect to make a business out of their metacrawlers? What else does InfoSpace have left, now that they’ve sold their mobile and directory businesses?