Angie’s List shares surge on news company has put itself up for sale

Angie’s List Inc. shares surged 10.5% in premarket trade Tuesday, after the company said it has hired financial advisers to review its strategic options as it continues to work on a turnaround and seek new opportunities.

The online marketplace for home-improvement and other services ANGI, -1.66% made the announcement as it reported third-quarter earnings, showing a jump in new memberships and in the number of registered service providers.

“Since removing the reviews paywall, we’ve had great success attracting new members,” Chief Executive Scott Durchslag said in a statement.

The company added 1.6 million new members and attracted 1,367 new service providers in the quarter.

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