ValueClick To Sell All Websites To IAC - Quick Facts

(RTTNews) - ValueClick, Inc. (VCLK) Monday announced agreement to sell all of its owned and operated websites segment to IAC (IACI).

ValueClick's O&O segment comprises a broad range of content and e-commerce websites including Investopedia and PriceRunner, which upon closing, will join IAC's Search & Applications reporting segment.

ValueClick previously announced its intention to divest the O&O segment to focus entirely on its core Media and Affiliate Marketing segments. As a result, ValueClick reclassified the O&O segment's current and historical results as discontinuing operations beginning with the quarter ended September 30.

The all-cash transaction is expected to close in January 2014, subject to customary closing conditions.