Just because there’s been a lot of talk about other parties looking to acquire Yahoo, and the company doesn’t have a permanent CEO yet, doesn’t mean Yahoo can’t pursue acquisitions of its own.
Today, the company announced that it has agreed to acquire ad technology firm interclick at a tender offer of about $270 million.
“This investment underscores our focus on enhancing the performance of both our guaranteed and non-guaranteed display business across Yahoo and our partner sites and, combined with Yahoo!’s reach and advertising leadership, will deliver a powerful solution for marketers,” said Ross Levinsohn, EVP, Americas region. “interclick’s innovative platform will allow Yahoo! to expand its targeting and data capabilities to deliver campaigns with stronger performance metrics.”
“Having worked closely with Yahoo! for the past few years, we have a deep appreciation of the quality of the inventory that Yahoo! brings to market. The combination of Yahoo!’s premium data and inventory with our platforms will create tremendous value for clients,” said interclick founder and CEO Michael Katz. “I would personally like to thank our team, our clients and our Board who helped to make interclick the success it has become.”
“We believe that this is a great outcome for our shareholders,” said Michael Brauser, interclick Co-Chairman of the Board. “Michael Katz and his team have done a tremendous job over the past few years and I’m proud to have helped make this outcome a reality.”
The deal is expected to close by early 2012.