Tuesday, August 10, 2004
ValueClick Completes Pricerunner Acquisition
Westlake Village-based ValueClick (www.valueclick.com) announced that it has completed its acquisition of Pricerunner AB, an online comparison shopping service. The acquisition is worth $29.0M in cash and stock. Pricerunner provides comparison shopping in the UK and Sweden, with plans to expand in France and Germany. According to the company, Pricerunner generated revenues of $3.6M for the six month period ending April 30, 2004, and has about $2.5M in cash.