Posted by kdownie @ 9:33am GMT
The ailing company has been on the block for half a year, but DoubleClick has finally agreed to be acquired by private equity firm Hellman & Friedman for approximately $1.1 billion. So DoubleClick is "going private", and current shareholders will get $8.50 per share. Quite disappointing for a company that used to command $130 per share. So what happened? Did the company grow too fast? Diversify too much? Lose crucial ground to more nimble competitors? The answer to all of these questions seems to be "yes."
