Friday, April 27, 2007

InfoSpace Plans To Return $200M To Shareholders

Bellevue, Washington-based InfoSpace said Thursday afternoon that it is planning to pay out $200M in cash to its shareholders, under a special one-time cash distribution. The firm said that it will pay approximately $6.30 per share in the distribution. Infospace said it has $412.9M in cash as of March 31st. Credit Suisse is acting as financial advisor to InfoSpace as part of the distribution.