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Technology Stocks : Switchboard, Inc. (SWBD)

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To: Glenn Petersen who started this subject6/15/2004 11:13:41 AM
From: Glenn Petersen   of 29
 
Lights out:

biz.yahoo.com

InfoSpace Completes Acquisition of Switchboard Incorporated

Thursday June 3, 9:03 pm ET

WESTBORO, Mass., June 3 /PRNewswire-FirstCall/ -- Switchboard Incorporated (Nasdaq: SWBD - News), a leading provider of local online advertising solutions and internet-based yellow pages, today announced that InfoSpace, Inc. (Nasdaq: INSP - News) 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.


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