Infospace and Go2Net Set to Merge

Infospace (INSP Quote) and Go2Net (GNET Quote) agreed to merge Wednesday in a deal the companies valued at $4 billion.

Infospace is slated to issue 1.82 shares for each Go2Net share. The deal is expected to close during the fourth quarter.

The companies' businesses focus on supporting Internet and wireless communications activities. For its part, Infospace insisted in its press release that the deal would make it "the leading company delivering the applications and technology infrastructure that defines how people conduct commerce, interact with information, communicate and manage their lives across all platforms."