"Private equity firm Hellman & Friedman LLC has agreed to lead the buyout of Internet advertising company DoubleClick Inc. for $1.2 billion in cash and assumed debt.
New York-based DoubleClick, which advises advertising agencies, marketers, and Web publishers on marketing over the Internet, said Monday, April 25, in a statement that its shareholders will receive $8.50 a share, or a 10.6% premium to the closing price on Friday. That values the DoubleClick equity at $1.1 billion."
"In addition, San Francisco-based Hellman & Friedman and its partner San Diego-based venture-capital firm JMI Equity Fund LP will assume $135 million of zero-coupon subordinated notes."
[The Dealy Daily]
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