Interactive ad giants DoubleClick Inc.
and 24/7 Media are reportedly
considering a $1.5 billion merger.
The Silicon Alley Reporter reported that DoubleClick CEO Kevin
O'Connor and 24/7
Media
brass "reportedly have been holed up in a hotel for over a week discussing
terms for the deal."
The SAR quoted sources as saying that DoubleClick, which has a $5.4 billion
market capitalization, would acquire 24/7 Media, currently valued at $870
million. The proposed merger calls for 24/7 to be acquired in a deal valued
at about $1.5 billion.
North American Flyball Association | NAFA Leadership Chat Transcript:: but primarily, as I said before, this really has to be at the that when you are talking flyball around the house 24/7, the knowledge is picked http://www.flyball.org/press/25Nov2006cand.htmlHOME | WORKSHOP ON THE MOBILE WEB:: president and chief executive officer of 24/7 Media, and Dr. Lawrence Ponemon is but were going to be talking, I think weve already touched a lot on http://www.ftc.gov/bcp/workshops/wireless/001212.htmHOME |
Spokesmen for the two companies declined to comment on the possibility of a
merger.
DoubleClick (DCLK)
was trading at around $133.75 in midafternoon, down from a day's
igh of $136. 24/7 (TFSM)
was trading at $41, down from an opening price of $44.
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Any such deal would create what likely would be the largest global Internet
advertising network. Media Metrix's August 1999 report had DoubleClick's You are looking at:gigj.com's DoubleClick, 24/7 Said to Be Talking Merger, click gigj.com to home
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