Archive for the 'aQuantive' Category

The following is a perpetual-work-in-progress.  Once you start to compile a list of mergers and acquisitions, you realize why it’s nearly impossible to have a complete list.  We are quite confident that the following is a very good, comprehensive list of the largest, more notable deals… but it is not - and no list will […]

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Posted By: Ashkan Karbasfrooshan | Jan 9th

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Today marks the end of my love affair with aQuantive, a company I got to know working in ad sales over the years and a stock I learned to love over the years…
aQuantive got acquired recently by Microsoft in a $6B deal, making it one of the better performing stocks in my portfolio.  Please note, […]

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Posted By: Ashkan Karbasfrooshan | Jul 13th

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On May 30th I commented that aQuantive was sitting at $5B, even though MSFT had agreed to pay $6B for the company.
Per share, MSFT agreed to pay $66.50 (an 85% premium) even though as recently as May 30th, the stock was only at $63.75.
Today - July 6th - marks the end of the anti-trust period […]

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Posted By: Ashkan Karbasfrooshan | Jul 6th

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Some interesting tidbits: 
FRESH OFF A DEAL TO  sell his agency to Microsoft Corp. for $6 billion, all eyes were focused yesterday on aQuantive president and CEO Brian McAndrews, the digital adman of the hour.
(…)
Microsoft would give aQuantive the chance to accelerate its vision with an infusion of financial capital and technical resources.
“The key difference between […]

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Posted By: Ashkan Karbasfrooshan | Jun 15th

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Yesterday, it was reported that the FTC was going to investigate into potential anti-trust issues in the Google/Doubleclick deal. 
That puppy was for a whopping $3.1B, and triggered a plethora of deals, including Yahoo!/Right Media ($800M valuation), WPP/24/7 RealMedia for $680M and MSFT/aQuantive for $6B. 
But this begs the question, in a market that is strong-form efficient […]

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Posted By: Ashkan Karbasfrooshan | May 30th

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There’s been a lot of talk about the steep premium MSFT paid to acquire AQNT, and there are many reasons for that, one being that in the ad networks marketplace, it had become a seller’s market, quickly, after DCLK sold to GOOG for $3.1B.
But in light of the bidding war between MSFT and GOOG for DCLK, […]

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Posted By: Ashkan Karbasfrooshan | May 22nd

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I posted this earlier as Update #3 in my earlier post on MSFT/AQNT, but reposting cause it looks fishy.
What’s that massive volume spike for AQNT at the end of the trading day yesterday?  Did someone have a scoop and scoop in before the market close and buy a lot of shares?   Average volume for the […]

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Posted By: Ashkan Karbasfrooshan | May 18th

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In 2003, I began to buy shares in DCLK, VCLK, AQNT, Fastclick, etc.  [Fastclick was bought by VCLK, eventually].
If it was in online ads, I was long.  Over the years, I sold most of these shares because the stocks rose from high single digits to $20 or so.  The one company I bought back every single […]

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Posted By: Ashkan Karbasfrooshan | May 18th

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Some figures from TheStreet.com article:
ValueClick rallied mostly on speculation that the aQuantive deal — which featured a stunning 83% premium to Thursday’s prices — makes ValueClick the most likely online media player to be acquired.
But because of the dynamics of the scorching-hot online advertising business, ValueClick stands to be a winner even if a bid […]

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Posted By: Ashkan Karbasfrooshan | May 18th

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The best business, career move I ever made was leaving my old company.  We got that.
MSFT buys aQuantive for $6 Billion.
The best investing move ever, not selling my holdings in aQuantive yesterday.  This is a true story: yesterday my holdings in AQNT crossed the 50% gain threshold, and having become more disciplined, I logged in a couple […]

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Posted By: Ashkan Karbasfrooshan | May 18th

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