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April 25, 2005
DoubleClick sold for $1.1 billion
Posted by Dominic Basulto
From the Dow Jones Newswires: New York-based Internet advertising firm DoubleClick has signed a deal to be acquired for $1.1 billion by a West Coast private equity firm. Details are to be released at a 10:00 am conference call, but initial reports suggest that CEO Kevin Ryan could be departing the company once the deal is finalized. The deal values DoubleClick at $8.50 a share. Before rumors of the deal surfaced, shares of the company were trading around the $7.50 mark.
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Tracked on April 24, 2006 10:15 PM