More NewsReport: InfoUSA May Spin Off Internet Division

Report: InfoUSA May Spin Off Internet Division

InfoUSA Inc., which compiles customized mailing lists, reportedly may spinoff its Internet division, infoUSA.com, to boost its value.

InfoUSA Inc., which compiles customized mailing lists, reportedly may spin off its Internet division, infoUSA.com, to boost its value.

Shares have dropped more than 40 percent since mid-April. The company, whose products power the Internet directories for Yahoo Inc., Microsoft and others, hired law firm Cooley Godward LLP to help it with the possible spinoff, Bloomberg News said.

InfoUSA.com gets revenue from content sales, advertising, licensing fees and electronic commerce, and the company said the unit is profitable. InfoUSA A shares closed Friday at 7 3/8. Shares have fallen substantially since hitting a 52-week high of about 12.

“We are committed to … unlocking shareholder value, which we believe is not currently reflected in our stock price,” InfoUSA Chairman and Chief Executive Officer Vinod Gupta said in a statement.

InfoUSA owns a proprietary database of 190 million consumers and 104 million businesses. This unit provides business and consumer databases, as well as Internet directory services.

Related Articles

The future of retail: How IoT is transforming the retail industry

Digital Transformation The future of retail: How IoT is transforming the retail industry

1w Diana Maltseva
GDPR: The role of technology in data compliance

Data & Analytics GDPR: The role of technology in data compliance

7m Clark Boyd
What companies can learn from the We-Vibe lawsuit about the Internet of Things

Legal & Regulatory What companies can learn from the We-Vibe lawsuit about the Internet of Things

1y Al Roberts
Has advertising arrived on Google Home?

Media Has advertising arrived on Google Home?

1y Al Roberts
Target is the top retail digital marketer, so why is it struggling?

Ecommerce Target is the top retail digital marketer, so why is it struggling?

1y Al Roberts
YouTube is "on pace to eclipse TV" thanks to savvy algorithm use

More News YouTube is "on pace to eclipse TV" thanks to savvy algorithm use

1y Al Roberts
YouTube is getting rid of 30-second unskippable pre-roll ads

Ad Industry Metrics YouTube is getting rid of 30-second unskippable pre-roll ads

1y Al Roberts
Is Twitter slowly dying?

More News Is Twitter slowly dying?

1y Al Roberts