Wednesday, August 31, 2011
ValueClick Completes Dotomi Buy
Westlake Village-based ValueClick said Wednesday that it has completed its acquisition of Dotomi, the provider of dynamic display advertising technology. ValueClick said it paid 7.1 million in share so fits common stock, assumption of 0.5 million fully vested stock options, and $148M in cash. ValueClick had announced the acquisition earlier this month, saying it would be worth $295M. ValueClick said Dotomi will continue to be led by John Giuliani, who will report to ValueClick CEO James Zarley. Giuliani also has joined ValueClick's board of directors. In the announcement, ValueClick also revealed that it Dotomi will contribute approximately $8.5M in revenue for the month ending September 30th.