Monday, September 23, 2013

Marchex Abandons Domain Division Spinoff Plans

Seattle-based online advertising company Marchex has abandoned plans to spin off its domain business, the company said last week, and now plans to continue to operate them as an independent division. Marchex has been looking to sell of the domain name business since this summer. The company had placed those domain businesses as part of its Archeo division. The company said the change in heart came from a recent "strategic review," and based on the cost and complexities with taking Archeo public as a separate entity.