Acquisition Extends Yahoo!’s Audience Targeting Capabilities and Premium Content Supply
(Reuters) – Yahoo Inc will pay $270 million for interclick inc as it tries to revive its ailing online advertising business, even as the search and advertising giant continues to scout for potential bidders.
Sunnyvale, California-based Yahoo is paying $9 per share, or about a 22 percent premium, for the online advertising technology firm.
Yahoo shares slid 5 percent in morning trade on Nasdaq.
Yahoo, plagued by stagnating growth in its U.S. business and a rift with key Chinese partner Alibaba, had fired its chief executive in September and has been exploring strategic alternatives — including a potential sale.
“Yahoo does not have much leverage right now, they got no CEO, everyone knows they are up for sale … so how much pricing power does that give them? (with potential buyers),” BGC Partners analyst Colin Gillis said.
Among the parties interested in Yahoo are private equity firms Silver Lake, TPG Capital, Bain Capital, Blackstone, Kohlberg Kravis Roberts, Providence Equity Partners, Hellman & Friedman, Carlyle Group, and Russian technology investment firm DST Global, apart from rivals Microsoft Corp and Google Inc.
“It’s not a transformational acquisition, but it helps Yahoo in a market they are not strong in … they have to take some steps to keep pushing forward.”
Interclick, with annual revenue of about $102 million, helps advertisers identify online target audience through its open segment manager analytics platform.
Yahoo said it expects to use interclick’s offerings for its own display advertising business.
The crowded advertising technology sector is dominated by a slew of small players and start-ups but has seen some of the biggest deals over the years. Google bought DoubleClick, in 2007 for $3.1 billion while eBay acquired GSI Commerce for $2.4 billion earlier this year.
GCA Savvian Advisors LLC acted as the lead financial adviser to interclick in connection with the transaction.
Yahoo shares fell to $14.04 in morning trade On Monday.
Shares of interclick soared 21 percent to $8.94. (Reporting by Himank Sharma in Bangalore; Editing by Joyjeet Das and Gopakumar Warrier)
Yahoo! Contact Information
Cathy La Rocca
interclick Contact Information
Ogilvy New York
Hat Tip: Mashable.com
Twitter integration was one of the rumored announcements leading up to WWDC, and Apple has delivered.
Users can associate a Twitter account in the iOS settings and other apps will automatically gain access to Twitter integration using the app, which means users no longer have to log in or manually add an account each time. Moreover, apps like Mail, Contacts, YouTube and Camera will all have extensive levels of Twitter integration.
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Noticed some good news today from the markets on Yahoo.com
Unemployment rates are falling in most metro areas across the country, suggesting that recent nationwide gains in hiring are widespread and not limited to a few healthy regions.
More than three-quarters of the nation’s 372 largest metro areas reported lower unemployment rates in February than the previous month, the Labor Department said Wednesday. That’s the most to report a decline since September.
And more than 300 areas added jobs in February compared to the previous month. That’s a much better showing than January, when most metro areas lost jobs.
The gains “are definitely becoming a lot more broad-based,” said Marisa DiNatale, a regional economist at Moody’s Analytics.
The metro areas that posted the biggest job gains in February, compared with the previous month, were: Los Angeles-Long Beach, with a gain of 53,600; New York City-Northern New Jersey, a gain of 18,500; and Miami-Fort Lauderdale, up 16,800.
Many big cities also saw steep drops in unemployment from January to February. The rate dropped from 9.3 percent to 8.8 percent in Phoenix; from 7.3 percent to 6.9 percent in the Austin, Texas metro area; and from 11.5 percent to 10.6 percent in Jacksonville, Fla.
NewCardio, Inc. (NWCI.OB) Video below.
Learn more about NewCardio at their website.
The business insider had the story here and there has been a volume spike all week they have reported.
Ford Motor Co. is on a roll. Its popular new cars and trucks are grabbing a bigger share of the U.S. market. It’s about to erase a big portion of its health care debts. And Ford is adding a significant number of jobs for the first time in years.
The news puts Ford, which has now turned profits for a year and a half, even further ahead of its Detroit rivals as the American auto industry slowly turns around.
Read more of the story here from Yahoo
I think Ford has been successful as well because of their strategic advertising partnership with Amercian Idol and being heavily involved with internet marketing strategies. They are definitely one to watch in the Auto Industry and looking at their stock price levels today compared to the past few years it looks like Ford is a company to watch.
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I was just reading this article on Forbes.com and thought I would share.
The National Bureau of Economic Research tells us today that the recession that began in December 2007 technically ended in June 2009. That’s when general business activity in the U.S. reached a low point and the recovery began.
Unfortunately, the recovery is what most people care about at this point, and it’s been lackluster at best. Since May 2009 unemployment has fluctuated between 9.4% and 10.1%. Federal Reserve officials have said in recent months that consumer demand, the housing sector and bank lending all remain weak. Congress has yet to decide what to do about expiring tax benefits, creating uncertainty in the economy. Even the NBER, the unofficial arbiter of recession start and end dates, says that “economic activity is typically below normal in the early stages of an expansion, and it sometimes remains so well into the expansion.”
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PEABODY, Mass., Aug. 3 /PRNewswire-FirstCall/ — PHC, Inc., d/b/a Pioneer Behavioral Health (NYSE Amex: PHC), a leading provider of inpatient and outpatient behavioral health services, today announced that it has retained Hayden IR, a national, New York-based investor relations consulting firm, effective August 15, 2010, to develop and implement a strategic investor relations program to raise its visibility and strengthen its relationships with the investment community.
“We have achieved a compelling strategic position in an emerging industry, and we are situated to benefit from the enactment of Healthcare reform legislation as more individuals will have access and a means for reimbursement of our programs,” commented Bruce A. Shear, Pioneer’s President and CEO. “We continue to grow our patient census, driving organic growth, and we believed this is the optimum time to retain Hayden IR to assist us in formulating and executing a broad program to articulate the inherent value of our business model to the investment community.”
With offices in New York, Phoenix, Minneapolis and San Diego, Hayden IR provides a comprehensive range of investor relations services to a growing list of clients. For more than a decade, Hayden IR has been a recognized leader in driving market recognition and creating sustainable competitive advantages for more than 100 micro- and small-cap companies. Hayden delivers expertise and professionalism in such areas as investor management, relationship building, awareness campaigns, online presence and corporate identity.
Brett Maas, Managing Partner at Hayden IR, added, “Pioneer Behavioral Health’s proven business model and compelling growth profile will be attractive to our audience of professional investors. Pioneer’s growth has reached the point where additional revenues should more directly impact the bottom line, and this leverage in the business model creates a compelling near-term opportunity for growth-oriented investors. With pending CMS certification, the Seven Hills Behavioral Institute in Henderson, Nevada has the potential to add as much as more than five cents per year to the Company’s earnings per share and we plan to broaden the Company’s audience of potential investors in advance of this anticipated growth. The Company also has a solid balance sheet which will be attractive to value-oriented investors. Additionally, ongoing consolidation in the industry creates additional opportunities for Pioneer to accelerate its growth, which would lead to higher valuation multiples going forward. We are excited to represent Pioneer Behavioral Health and look forward to a productive relationship.”
About PHC d/b/a Pioneer Behavioral Health
PHC, Inc., d/b/a Pioneer Behavioral Health, is a national healthcare company providing behavioral health services in five states, including substance abuse treatment facilities in Utah and Virginia, and inpatient and outpatient psychiatric facilities in Michigan, Pennsylvania, and Nevada. The Company also offers internet and telephonic-based referral services that includes employee assistance programs and critical incident services. Contracted services with government agencies, national insurance companies, and major transportation and gaming companies cover more than one million individuals. Pioneer helps people gain and maintain physical, spiritual and emotional health through delivering the highest quality, most culturally responsive and compassionate behavioral health care programs and services. For more information, visit www.phc-inc.com.
Statement under the Private Securities Litigation Reform Act of 1995
This press release may include “forward-looking statements” that are subject to risks and uncertainties. Forward-looking statements include information about possible or assumed future results of the operations or the performance of the Company and its future plans and objectives. Various future events or factors may cause the actual results to vary materially from those expressed in any forward-looking statements made in this press release. For a discussion of these factors and risks, see the Company’s annual report on Form 10-K for the most recently ended fiscal year.
On a positive note the market ended July with 7.1% gains in the DOW.
NEW YORK (AP) — Stocks had a fitting end to a choppy July as prices seesawed their way to a narrowly mixed finish. The market still had its best month in a year.
Investors had an ambivalent response Friday to the government’s gross domestic product report, which showed that economic growth slowed in the April-June quarter. The Dow Jones industrial average fell almost 120 points in early trading, then ratcheted up and down until the close. The Dow ended down just a point, and the other big indexes had similarly small moves.
The day was much like the rest of July, which saw investors alternately buying on strong earnings reports and selling on weak economic numbers. The Dow rose 7.1 percent for the month. The Dow and the Standard & Poor’s 500 index both had their best months since July 2009 and their first winning months since this past April.
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NEW YORK, July 6, 2010 (GLOBE NEWSWIRE) — interCLICK, Inc. (Nasdaq:ICLK), a digital audience intelligence and targeting company, today announced Dave Hills and Frank Cotroneo have been named to its Board of Directors. Both leaders bring extensive expertise and a track record of C-Level success across a range of public and Fortune 500 companies.
Dave Hills is General Partner at KPG Ventures, a venture capital and private equity firm. He is the former President & Chief Executive Officer of LookSmart, a publicly-traded online advertising and technology company. Mr. Hills previously served as President, Media Solutions at 24/7 Real Media, a leading global digital marketing company which was acquired by WPP in 2007. From 1980 to 2001 he served in various sales leadership capacities culminating in the role of Chief Operating Officer and President of Sales at About, Inc., a network of topic-specific Web sites.
Frank Cotroneo has more than 28 years of business and senior management experience. Mr. Cotroneo most recently served as Chief Operating Officer and Chief Financial Officer of NetSpend Corporation, a provider of prepaid debit card services. He is the former Chief Financial Officer of Axciom Corporation, former CFO of H&R Block, and former CFO of MasterCard International.
“We’re thrilled to be adding these two outstanding leaders to our Board of Directors,” said Michael Mathews, interCLICK’s CEO on behalf of the company’s Board and senior management team. “We look forward to benefiting from Dave and Frank’s business strategy and financial management expertise as we pursue our growth agenda.”
interCLICK is an audience intelligence and targeting company, developing and executing data-driven campaign strategies for major digital agencies and marketers. Fueled by its proprietary software, interCLICK empowers its clients to reach desirable audiences efficiently, in brand-safe environments, and at tremendous scale. interCLICK is headquartered in New York City and has offices in Chicago, Los Angeles, San Francisco, Dallas and Miami. For more information about the interCLICK Network, visit http://www.interclick.com .
CONTACT: interCLICK, Inc. Roger Clark, CFO (646) 395-1776 firstname.lastname@example.org Hayden IR Investor Relations Contact Brett Maas (646) 536-7331 email@example.com