Friday, September 30, 2005
ValueClick Completes Fastclick Acquisition
Westlake Village-based ValueClick has completed its acquisition of Santa Barbara-based Fastclick, according to the company. ValueCLick said that it has acquired all outstanding share of Fastclick common stock, issuing approximately 15.6 million shares of ValueClick common stock and assumption of options. ValueClick also updated its fiscal year 2005 guidance as a result of the acquisition, saying that the acquisition will contribute approximately $22.0M in revenue for 2005. The company raised its previous revenue guidance from a range of $269-279M to a new guidance of $291-301M, and said that it expects it EBITDA to go from $70-74 million to $72.4-76.4M.