1-800-FREE411 Parent Company Jingle Networks Acquired For $62.5 Million

Marchex, Inc. (NASDAQ:MCHX) has acquired Jingle Networks for $82.5 million. Jingle Networks is the parent company of 1-800-FREE411. Marchex said that the company’s call-driven revenues will be representing 75% of the company’s annual revenues by the end of the year. Marchex paid the $62.5 million in cash and stock. Jingle Networks raised nearly $90 million in total venture capital. [AllThingsD]

This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at
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