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July 13, 2007
Yahoo Closes Right Media Deal
Yahoo announced yesterday that it has closed the acquisition of Right Media that was announced in April. Yahoo had bought a 20-percent stake in the company in October 2006 for less than $45 million, and paid $650 million in cash and stock for the remaining equity interest in Right Media.
Of the remaining big-name acquisitions announced this spring, Google-DoubleClick and Microsoft-aQuantive are still awaiting regulatory approval, and the WPP-24/7 Real Media acquisition closed earlier this month.
Posted by Kevin Newcomb on July 13, 2007 2:19 PM
