Google joins battle to buy DoubleClick
Culver City (CA) - According to the Wall Street Journal, Google has now joined the battle for the online ad company DoubleClick. The newspaper reports that Google, along with Microsoft, Yahoo and AOL are locked in a bidding war that could boost the final price of DoubleClick to more than $2 billion dollars.
Hellman-Friedman, an investment firm, owns the majority of shares in DoubleClick and would profit immensely if the company is sold for such a lofty price. Back in 2005, the firm paid about $1 billion dollars for DoubleClick.
DoubleClick typically makes display ads and charges a few cents for every thousand page impressions which is known in the online ad world as CPM.
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