The Voice of Online Marketing | MEDIA KIT | NEWS TIPS
The latest practical news and developments at the intersection of search, email,
social media, mobile marketing, web analytics, online advertising, ecommerce and more.
Marketing News on Twitter Interactive marketing RSS newsfeed
Advertisement
Advertisement
MARKETING JOBS

Acxiom, Digital Impact Thwart InfoUSA Takeover Bid

Digital Impact found its white knight, getting Acxiom to buy it out, saving it from an on-the-cheap buy-out from InfoUSA. InfoUSA had offered to take over the company for $2 per share - an offer then significantly over the issue's trading price. Digital Impact balked and now is set to be sold for $3.50 per share to Acxiom. The spurned InfoUSA's CEO Vinod Gupta tipped his hat to the target direct marketing firm: "I commend the shareholders of Digital Impact for enhancing the shareholder value, and I think the offer by Acxiom was fair. We could have gone slightly higher, but that was it. We have no plans to top that number." Now that InfoUSA is declining to chase Digital Impact, it loses its easiest defense against the recent patent infringement suit brought by Digital Impact against InfoUSA.

Search

Related Topics

Advertisement

Subscribe to MarketingVOX|News

Latest interactive marketing news Latest media planning news & facts Latest marketing data & research