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Digital Impact Buyout Turns Hostile

InfoUSA's offer to buy Digital Impact turned hostile, as the DM firm made a tender offer directly to Digital Impact shareholders, according to DM News. "Digital Impact's failure to agree to negotiate with us or to engage in substantive discussions … left us no choice but to take our offer directly to Digital Impact's stockholders," said InfoUSA's CEO in a statement. The tender offer, for $2 per share, is set to expire on March 23.

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Digital Impact Buyout Turns Hostile

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