Blucora, Inc. (BCOR) Announces Completion of OpenMail Sale
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Blucora Completes Sale of Infospace to OpenMail
August 10, 2016 8:30 AM EDTBELLEVUE, Wash., Aug. 10, 2016 (GLOBE NEWSWIRE) -- Blucora, Inc. (NASDAQ: BCOR), a leading provider of technology-enabled financial solutions to consumers, small businesses and tax professionals, today announced that it has completed the sale of its Infospace business to OpenMail LLC, a privately-held data management and marketing technology company, for $45 million in cash.
John Clendening, president and chief executive officer of Blucora, said, As evidenced by this successful transaction, we continue to make substantial progress on our key initiatives to divest, de-lever, deliver and drive value for Blucora shareholders. We... More
