ValueClick Finishes Hi-Speed Acquisition
Dec 18, 2003, 12:00 AM
ValueClick has completed its acquisition of Hi-Speed Media, a provider of permission-based email marketing services that enable marketers to identify, reach and build relationships with consumers. This was ValueClick's third acquisition of 2003. ValueClick has acquired all of the outstanding capital stock of Hi-Speed Media for an aggregate purchase price of $9.0 million in cash and additional contingent cash consideration of up to $1.0 million per quarter, assuming the achievement of certain revenue and operating income milestones over the eight quarters beginning January 1, 2004.