InfoSpace Completes Acquisition of Switchboard Incorporated
June 03 2004 - 10:03PM
PR Newswire (US)
InfoSpace Completes Acquisition of Switchboard Incorporated
WESTBORO, Mass., June 3 /PRNewswire-FirstCall/ -- Switchboard
Incorporated (NASDAQ:SWBD), a leading provider of local online
advertising solutions and internet-based yellow pages, today
announced that InfoSpace, Inc. (NASDAQ:INSP) has completed the
acquisition of the Company in accordance with the terms of the
definitive agreement announced March 26, 2004. InfoSpace acquired
Switchboard for $7.75 per share, or approximately $160 million in
cash. Switchboard was officially de-listed from NASDAQ effective at
the close of business today. About InfoSpace, Inc. InfoSpace, Inc.
(NASDAQ:INSP) is a diversified technology and services company that
develops Internet and wireless solutions for a wide range of
customers. InfoSpace Search & Directory provides Web search and
online directory products that help users find the information they
need while creating opportunities for merchants. InfoSpace Mobile
develops infrastructure, tools and applications that enable
carriers and content providers to efficiently develop and deliver
mobile data services across multiple devices. More information can
be found at http://www.infospaceinc.com/. CONTACTS: Nancy Bacchieri
V.P. - Communications, InfoSpace (425) 201-8722 Adam Whinston Sr.
Marketing Manager, InfoSpace Search & Directory (425) 201-8946
DATASOURCE: Switchboard Incorporated CONTACT: Nancy Bacchieri, V.P.
- Communications, InfoSpace, +1-425-201-8722, or , or Adam
Whinston. Sr. Marketing Manager, InfoSpace Search & Directory,
+1-425-201-8946, or Web site: http://www.infospaceinc.com/
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