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InfoSpace will Sell Mobile Services	10/25/2007

InfoSpace today announced that it has entered into a definitive agreement to sell its mobile services business to Motricity, a privately held provider of mobile content services and solutions, for $135 million in cash. "This transaction is another opportunity to unlock value for our shareholders," said Jim Voelker, Chairman and CEO of InfoSpace. "Like the previously announced sale of our online directory business for $225 million in cash, this transaction is extremely tax efficient, allowing us to capitalize on our net operating losses to significantly maximize the cash proceeds from the sale." Prior to anticipated cash distributions, after completion of the sale of the online directory business and upon completion of the sale of the mobile business, the Company expects to have in excess of $550 million in cash. "With these transactions, InfoSpace will be solely focused on online search. We will maintain a strong financial position and a solid distribution network with over 100 private label partners as well as our award winning branded websites such as Dogpile.com. Based on results for the first half of the year, our search business represents over 60% of InfoSpace's revenue. Our search business is highly scalable and continues to generate strong cash flow," concluded Mr. Voelker. Following the close of the transaction, the Company expects to return a significant portion of the net proceeds from the sale to shareholders as a special cash distribution. The Company will utilize a portion of its net-operating loss carry-forwards to offset substantially all of the taxable gain resulting from the sale, increasing the cash available for distribution to shareholders. The transaction is expected to be completed within the next 90 days, upon the satisfaction of customary closing conditions and regulatory approvals, including expiration or termination of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended.

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