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Marchex Inc to Maintain Archeo as Division

Thursday, 19 Sep 2013 04:05pm EDT 

Marchex Inc 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 review began this summer after Marchex sold certain pay-per-click assets, which were operating under Archeo, in July. Marchex sold the assets to help sharpen Archeo`s focus and market opportunity around domains, but as a result, Archeo`s overall financial profile became smaller. The review determined that the incremental costs and complexities associated with taking Archeo public at this time would be prohibitive, and that Archeo`s value to shareholders is recognized as a segmented division of Marchex. 

Company Quote

-0.5 -9.62%
24 Dec 2014