Tagged MCHX

Marchex Kills Archeo Spin-Off

(Market Cap $263 million) Marchex, Inc.,  a mobile performance advertising company, announced that it will not pursue a spin-off of its domains-related assets into a stand-alone, publicly-traded company at this time and that Archeo will continue to operate as an independent division of Marchex. Marchex came to this conclusion as part of a recent strategic review. The…

Marchex to Spin-Off Archeo Unit

Marchex, Inc.  Board of Directors has authorized its management to pursue the separation of its business into two distinct, publicly-traded entities. Upon closing of the proposed tax-free spin-off transaction, Marchex’s existing shareholders would hold interests in: (1) Marchex, a pure play mobile advertising company focused on calls, and (2) Archeo, Inc. (“Archeo”), a premium domain…