Advertising - Thursday, May 17, 2007
WPP Gets Its Ad Server. Buys 24/7 Real Media For $649M
As we have been posting, 24/7 has been open to a buyout and the company last week disclosed that it had hired Lehman to rep it. There was speculation that Microsoft might be interested but one analyst wrote that 24/7's poor quarterly performance might have spoiled their chances with Redmond.
Today, the company agreed to be bought for $11.75 per share by advertising conglomerate WPP. The offer price represents a premium of 30% over the average closing price of 24/7 Real Media's shares for the last sixty 60 trading days.
At this point there remain a couple of large, public online ad networks that Microsoft could buy - aQuantive and Valueclick would top the list, but from what we understand Redmond is set on building its own business, combined with Yahoo as either a partner or a buyout, plus some smaller buyouts of private companies.
Read - announcement
More Recent Articles
Shopping Site Gilt Group Raises $40M at $400M Val
Thursday July 2, 2009
NYC's private shopping firm Gilt Groupe has raised $40M from General Atlantic and Matrix Partners at a $400M valuation. Gilt Groupe provides access, by invitation only, to men’s, women’s and children’s fashion and luxury brands at discount pri... Full Story
AH Belo Joins $2M Investment In Real Estate Search Tool Sawbuck
Thursday July 2, 2009
AH Belo (NYSE: BLC) has led a $2M investment in online real estate brokerage Sawbuck Realty. Sawbuck is an online real estate broker that connects consumers with local real estate agents. Sawbuck takes a cut of any commissions. The company’s servi... Full Story
Categories
- Venture Capital (279)
- Advertising (411)
- Aircraft (15)
- Alternative Energy (233)
- ASP (38)
- Batteries (9)
- Biometrics (3)
- Communications (57)
- Digital Hollywood (16)
- Digital Home (34)
- eCommerce (419)
- Educational Software (25)
- eHealth (25)
- Email Software (5)
- Enterprise Software (240)
- Euro Ventures (81)
- File Sharing (22)
- Financial Software (29)
- Games (171)
- Hardware (44)
- Homeland Security (7)
- IMterviews (6)
- IPO (39)
- Jobs (44)
- Media (334)
- Nanotechnology (14)
- Networking (91)
- News & Updates (1386)
- Online (5)
- Peripherals (38)
- Photo Software (46)
- Publishing (7)
- RFID (3)
- Robots (15)
- Satellites (7)
- Search (196)
- Security (91)
- Semiconductors (70)
- Social Networking (402)
- Space (1)
- Sponsored Post (11)
- Storage (39)
- Tech stocks (176)
- Telecom Equipment (10)
- Transportation (1)
- Video (218)
- Voice (65)
- Web 2.0 (127)
- Web Development (5)
- Where Are They Now (29)
- Wireless (358)
Post a comment