INFOSPACE AND SANDELL ASSET MANAGEMENT REACH AGREEMENTSettlement Agreement • April 26th, 2007 • Infospace Inc • Services-computer processing & data preparation
BELLEVUE, Wash. (April 26, 2007) – InfoSpace, Inc. (NASDAQ: INSP) and Sandell Asset Management Corp. (“Sandell”), which owns 8.8% of the Company’s outstanding shares, today announced that they have reached an agreement that will avoid a proxy contest at the Company’s 2007 annual meeting of shareholders.
