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AOL to acquire Sweden's TradeDoubler for 6.33 bln skr in cash


Published : Mon, 15 Jan 2007 08:39
By : Agencies
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NEW YORK (AFX) - Time Warner Inc unit AOL said it has launched a recommended offer to acquire TradeDoubler for 6.33 bln skr in cash, equivalent to some 900 mln usd.

AOL said the offer, of 215 skr per share, is being made through an indirectly wholly-owned subsidiary.

Jeff Bewkes, president and chief operating officer of Time Warner said, 'Not only does our offer provide an attractive premium valuation, but it also will enable TradeDoubler to play a key role in our strategic focus on growing our online advertising business in Europe.'

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