Tagged INSP

NOL-rich InfoSpace Acquiring Tax Preparer

InfoSpace, Inc. has signed a definitive agreement to acquire TaxACT, the second largest provider of online tax solutions, for $287.5 million in cash. The acquisition is expected to close in the first quarter of 2012. The transaction is expected to be immediately accretive to InfoSpace earnings per share and year one return on shareholder capital is expected to…

Infospace Discards Unprofitable Unit

On June 10, 2011, InfoSpace, Inc. executed a definitive agreement to sell its Mercantila e-commerce business to Zoo Stores, Inc.  Under the terms of the Agreement, which is subject to certain closing conditions, Zoo Stores will acquire 100% of the membership interests in Mercantila Acquisition LLC.  As consideration for the Acquisition, Zoo Stores will pay InfoSpace a…

InfoSpace Reports Strong Results

(INSP has a market cap of $320 mm.  We had highlighted this idea via a company report on March 12, 2011. We strongly suggest that you read our report, if you haven’t already.) InfoSpace Announces First Quarter 2011 Results BELLEVUE, Wash., April 27, 2011 (BUSINESS WIRE) — InfoSpace, Inc. (NASDAQ: INSP) today announced financial results for the first quarter ended…

InfoSpace Renews Contract with Google

We hope that you read our write-up on Infospace (http://oozingalpha.com/wp-content/uploads/INSP.pdf) dated March 12, 2011. We believe that last night’s announcement (see below) was fully expected by investors and not really a catalyst.  INSP is a cash-rich, deep value name, without a visible catalyst – hence the opportunity… =========================================== InfoSpace Extends Longstanding Partnership with Google BELLEVUE,…

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