It didn’t really need the money, but OpenX today announced a $10 million third round of funding. DAG Ventures led the round, and existing investors Mangrove Capital, Accel Partners, Index Ventures, First Round Capital and former AOL CEO Jon Miller, the company’s chairman, all chipped in a second time.
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Jerry Yang’s rallying the troops over at Yahoo again. In an all-hands memo this morning (see below, corrected for capitalization and punctuation), he explained Yahoo’s decision to reject Microsoft’s hostile bid for the company and thanked employees for all they do to “maintain and enhance Yahoo!’s leadership position in the online world.” Presumably, “leadership” in [...]
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Lest there be any doubt that there is a bubble in the online advertising business, consider Microsoft’s planned purchase of aQuantive. After losing DoubleClick to Google, Right Media to Yahoo and 24/7 Real Media to WPP, Microsoft offered a jaw-dropping $6 billion in cash for aQuantive. That’s $66.50 a share–an 85% premium over [...]
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If Microsoft is planning an acquisition in the online marketing and advertising space, it better act fast, because if it waits much longer there won’t be anything left to acquire. This morning marketing conglomerate WPP agreed to pay $649 million for 24/7 Real Media, one of the last remaining independent Internet advertising specialists, in an [...]
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There’s this great scene in Penelope Spheeris’s The Decline of Western Civilization Part II: The Metal Years where a groupie, sharing a Jacuzzi with the band Odin, realizes that her friends have all paired off with band members and left her with the ugliest of the bunch.
That scene springs to mind in light of reports [...]
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Apparently, Yahoo does have a vision. Google’s. Weeks after Google spent $3.1 billion to purchase Internet advertising company DoubleClick, Yahoo has countered with an acquisition of its own: online ad exchange Right Media.
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