ServiceMagic Completes Purchase Of ImproveNet
October 1, 2005
ServiceMagic successfully completed its acquisition of the stock of ImproveNet for nearly $6.7 million in cash. Effective upon closing of the transaction, all residential contractors in the companies' respective networks will benefit from access to leads via theimprovenet.comandservicemagic.comWeb sites. Also, the 1-800-Contractor phone number and 1800contractor.com Web site will continue to operate as a service of ImproveNet.