Tech Company M&A Transactions
Right Media Acquisition
Right Media, based in New York, was bought by Yahoo!. Deal value was $680 million.
Transaction Overview
Company Name
Acquired By
Announced On
4/30/2007
Transaction Type
M&A
Amount
$680,000,000
M&A Terms
Yahoo Inc. said Monday it is buying the remaining 80 percent interest in online advertising exchange Right Media Inc. that it does not already own for approximately $680 million. Yahoo, which acquired a 20 percent stake in privately held Right Media in October 2006, said shareholders would be paid in roughly equal parts of cash and stock, with Yahoo assuming the New York-based company's options and equity awards.
Company Information
Company Status
Acquired or Merged
Industry
Digital Media & VR & AR
Mailing Address
2 Park Avenue 450
New York, NY 10016
USA
New York, NY 10016
USA
Phone
Website
Email Address
Not Recorded
Overview
We created an open exchange to help buyers and sellers trade digital media more efficiently. Playing exclusively in the ad network space at first, we realized what the market needed in order to drive that efficiency.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Michael Walrath
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We do our best to document funding rounds that are announced publicly. VC investment data records reported here are derived from news reports and company announcements. The information comes to us via our partnership with VentureDeal.com, an affiliated venture.
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