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Strategies & Market Trends : Speculating in Takeover Targets -- Ignore unavailable to you. Want to Upgrade?


To: richardred who wrote (1933)3/11/2008 12:08:41 PM
From: richardred  Respond to of 7265
 
Google closes $3.1 bln DoubleClick acquisition
Tuesday March 11, 11:37 am ET

SAN FRANCISCO (Reuters) - Google Inc (NasdaqGS:GOOG - News) said on Tuesday it has completed the $3.1 billion acquisition of DoubleClick Inc, just hours after receiving antitrust clearance from the European Commission.

Shares of Google, which recently have been trading around year-low levels rose 4 percent to $430.19 on Nasdaq.

DoubleClick supplies advertising technology that allows Web site publishers, advertisers and ad agencies to deliver online brand advertising to Web users. It also delivers ads to mobile phone callers and electronic billboards.

(Reporting by Eric Auchard; Editing by Tim Dobbyn)

biz.yahoo.com