InfoSpace Pays $287.5M for TaxACT
Publicly traded online search company InfoSpace Inc. is paying $287.5 million in cash to acquire online tax preparation software company TaxACT. The deal is expected to close in the first quarter of 2012. Privately held TaxACT is based in Cedar Rapids, Iowa. TA Associates, the majority shareholder of the TaxACT business, will sell its full holdings as part of this transaction, the company announced.
Bycnolan
9 January 2012•4 mins read
