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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.
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