aQuantive to Buy SBI.Razorfish

BOSTON aQuantive on Monday said it has signed a definitive agreement to acquire independent interactive agency SBI.Razorfish for $160 million, comprised of $85 million in cash, and $75 million in convertible notes. The transaction is expected to close in late July. (aQuantive already owns i-shops Avenue A and i-Frontier.)

Razorfish is privately held and has more than 500 employees.

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