InfoSpace Sells Mobile Unit to Motricity; What’s Left?
Monday, October 15th, 2007;
-- Andy Beal |
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?
Similar posts you may like...
Save & Share: 
Category: Local/Mobile, M&A
Forward: Email This Post
October 15th, 2007 at 12:51 pm
They’ll sell their Web search brands, those metacrawlers, to someone like IAC/InterActiveCorp, whose Barry Diller would probably love to get his hands on powerful brands like WebCrawler and Dogpile to further tie his network of websites together. It begs the question, though, how much are the Web search brands worth if InfoSpace sold its two biggest businesses for less than $200 million each? Could we be seeing a fire sale of the metacrawlers for less than $25 million, for all of them?
Cheers,
Doug
October 15th, 2007 at 1:31 pm
A lot of those small startups with good potential oney, infospace will start looking to buy them now.. hold them for some time…. and then sell that off too…
October 16th, 2007 at 3:25 am
Thanks for the update, it’s good to be updated.