ValueClick To Acquire Fastclick

Fastclick will become a wholly owned subsidiary of ValueClick, Inc, in a stock transaction valued at approximately $214 million based on the acquirer’s Aug. 10 close. Fastclick has some $81 million in cash, cash equivalents and securities so the net for ValueCLick would be about $133 million. Fastclick claims an ad network of more than 9,000 third-party Websites that reaches more than 112 million uniques domestically. ValueClick says the acquisition positions it as the largest online advertising network provider.
The boards of the two companies traded on NASDAQ have approved the deal subject to the approval of two-thirds of the outstanding Fastclick shares; the close is slated for the fourth quarter.

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