ValueClick to buy comparison shopping site operator

ValueClick Inc. said it agreed to buy privately held MeziMedia Inc. in a cash deal worth at least about $100 million, to expand into China and enhance its search marketing expertise.

The online marketing company said the total value of the deal could go up to about $352 million if MeziMedia met certain performance targets.

The transaction is expected to add to earnings per share, the company said in a statement.

Read Full Article from Reuters

- Posted: 2007-07-16 10:12:30

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