Party like 1999... Google buys DoubleClick for $3.1 billion in cash Transaction price to make big dent in Google's cash reserve Still, Google is paying a large sum. <b>The transaction price is equal to most of the company's $3.54 billion cash reserve as of Dec. 31.</b> Asked about the large price being paid for DoubleClick, Google Chief Executive Eric Schmidt said on a conference call that Google's board of directors "felt after a detailed financial analysis [that] <b>it's a very good deal for Google and our shareholders.</b>" http://www.marketwatch.com/news/sto...x?guid={688258ED-F4A5-43C4-9975-B312C7FEF516}
Double Click is about the only cookies I have my computer set to NOT accept. I just can't stand them and their ads. When is GOOG to release earnings. Next Tuesday is it?
Paying top $ for a POS... DoubleClick was founded in 1996 and went public in 1998. It had difficulties digesting a series of acquisitions and posted a loss of $917,000, or 1 cent a share, for the first quarter of 2005, just before it agreed to be taken private in April of that year.
A very godo purchase Google is one step closer to owning the entire internet medium, which I am morally opposed to, but atleast I will make a lot of money in the process long since $411 w3rd