InfoSpace Sells Mobile Unit to Motricity

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InfoSpace Sells Mobile Unit To Motricity...

By: Andy Beal
2007-10-16

...Whats Left? It appears the TBJ was on the money with their prediction Durham-based Motricity would buy the mobile services...

...business from InfoSpace.

Reuters reports

"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, whats InfoSpace going to do now? Surely they cant expect to make a business out of their metacrawlers? What else does InfoSpace have left, now that theyve sold their mobile and directory businesses?

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Tag: InfoSpace, Motricity

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About the Author:
Andy Beal is an internet marketing consultant and considered one of the world's most respected and interactive search engine marketing experts. Andy has worked with many Fortune 1000 companies such as Motorola, CitiFinancial, Lowes, Alaska Air, DeWALT, NBC and Experian.

You can read his internet marketing blog at Marketing Pilgrim and reach him at andy.beal@gmail.com.


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