A trio of entrepreneurs who led online advertising technology company Accipiter to an acquisition by aQuantive – which was in turn acquired by Microsoft for $6 billion in May 2007 – have returned to startup life after serving a variety of roles in advertising and sales at the Redmond software behemoth.
Jeff Wood, Guy Taylor and Ryan Treichler are today announced their new company, aiMatch, as well as the limited availability for “early adopters” of its online ad technology platform. In addition, the threesome said they have also convinced former Head of Publisher Solutions EMEA for Microsoft Advertising Steve Perks to join the club. → Read More
Breaking: Microsoft is acquiring advertising network aQuantive, the parent company to Avenue A | Razorfish, Atlas and DRIVEpm, for roughly $6 billion in an all-cash transaction, the company said this morning. aQuantive is a public company (AQNT) and had a market cap of just $2.8 billion as of yesterday. The acquisition price of $6 billion is a roughly 2x premium on yesterday’s closing price, which is a reflection of the fact that this were competing bidders (see notes below). The acquisition comes after recent big acquisitions by Google and Yahoo in this space. Google bought Doubleclick for $3.1 billion in April. Later that same month, Yahoo acquired competitor RightMedia for $680 million. Just yesterday, WPP Group acquired yet another company in this space, 24/7 Real Media, for $649 million. 2006 revenues for aQuantive were $442 million. Net income as about $54 million. aQuantive’s operating companies include both tools and ad agencies. The company is located in Seattle. Microsoft is held a media call this morning to discuss the transaction. My notes are below. At about 7 am PST a recording of the call will be available at 1-800-774-9248. Notes From Media Call: → Read More
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