Tech Company M&A Transactions
DoubleClick Acquisition
Headquartered in New York, DoubleClick was bought by Hellman & Friedman. Deal value was $1.1 billion.
Transaction Overview
Company Name
Acquired By
Announced On
4/25/2005
Transaction Type
M&A
Amount
$1,100,000,000
M&A Terms
DoubleClick Inc. (NASDAQ: DCLK), announced today that it has signed a definitive agreement to be acquired by Hellman & Friedman LLC, Under the terms of the agreement, DoubleClick stockholders will receive $8.50 in cash for each share of DoubleClick common stock, representing a 10.6% premium over the average closing price of DoubleClick's stock for the last thirty (30) trading days. The aggregate consideration to be paid to DoubleClick stockholders is approximately $1.1 billion. DoubleClick's existing Zero Coupon Subordinated Notes due 2023 in the principal amount of $135 million will remain outstanding, subject to the rights of the holders to require DoubleClick to repurchase such notes at par following consummation of the transaction.
Company Information
Company Status
Acquired or Merged
Industry
Digital Media & VR & AR
Mailing Address
111 Eighth Avenue 10th Floor
New York, NY 10011
USA
New York, NY 10011
USA
Phone
Website
Email Address
Not Recorded
Overview
DoubleClick enables agencies, marketers and publishers to work together successfully and profit from their digital marketing investments. Its focus on innovation, reliability and insight enables clients to improve productivity and results.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Kevin Ryan
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Where The Data Comes From
We do our best to report on every notable VC transaction. VC investment data records reported here are sourced from company press releases and news coverage. The information is sourced from VentureDeal.com, an affiliated venture.
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