Doubleclick Sells Stake In Adlink

Be among trailblazing marketing pros at Brandweek this September 23–26 in Phoenix, Arizona. Experience incredible networking, insightful sessions and a boost of inspiration at ADWEEK’s ultimate brand event. Register by May 13 to save 35%.

DoubleClick said last week that it has sold its 15 percent stake, or about 3.9 million shares, in AdLink Internet Media AG for about $9.5 million to the German online ad network’s majority shareholder, United Internet AG. The New York-based company said the asset was not a strategic fit for its core technology and data solutions business. As a result of the sale, DoubleClick said it expected to record a non-operating gain of about $7.4 million.

AW+

WORK SMARTER - LEARN, GROW AND BE INSPIRED.

Subscribe today!

To Read the Full Story Become an Adweek+ Subscriber

View Subscription Options

Already a member? Sign in