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Digital Impact Declines infoUSA's Takeover Bid

Digital Impact rejected infoUSA's $2 per share bid for all its stock, a $81 million buyout offer, according to BtoB Online. The bid, a large premium over Digital Impact's current stock price, wasn't enough cash for the firm's board of directors, which unanimously rejected it, stating, "the offer is financially inadequate, opportunistic and fails to reflect the underlying value of the company."

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