Inspiration meets innovation at Brandweek, the ultimate marketing experience. Join industry luminaries, rising talent and strategic experts in Phoenix, Arizona this September 23–26 to assess challenges, develop solutions and create new pathways for growth. Register early to save.
NEW YORK DoubleClick said it has agreed to be acquired by Hellman & Friedman, a private equity firm, for $1.1 billion.
Under terms of the agreement, H&F in San Francisco, with additional investment from venture capital firm JIM Equity, would pay $8.50 in cash for each DoubleClick share. CEO Kevin Ryan plans to leave the company after the deal closes. David Rosenblatt, DoubleClick’s president, will remain with the company as CEO of the TechSolutions division. Brian Rainey, president and general manager of data solutions, is set to be CEO of DataSolutions division.
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
Subscribe today!
To Read the Full Story Become an Adweek+ Subscriber
Already a member? Sign in