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Bill shells out $6B

05/18/07

Posted under Microsoft

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OK, obviously Microsoft has to counter Google’s acquisition of DoubleClick by buying aQuantive, but man, $6 billion?

Check out the Reuters story. Here’s an excerpt:

NEW YORK–Microsoft Corp. said on Friday it would buy aQuantive Inc. for about $6 billion, or $66.50 a share, an 85 percent premium to the online advertising company’s closing price on Thursday.

Shares of aQuantive shot to $63.95 in pre-opening trade, following news of the deal.

The all-cash deal tops a dramatic one-month consolidation spree across the online advertising market sparked when Google Inc. agreed to buy DoubleClick for $3.1 billion.

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