Zanox acquired for €214.9 million +
Thursday, May 24th, 2007It’s a season of big name mergers & acquisitions in the online advertising space. Google, Yahoo, Microsoft and WPP have all been out on a shopping spree shelling out serious money in the past couple of months . What’s more, the mother of all mergers [Microsoft & Yahoo] is waiting to happen, if all the rumors are any indication [of course, the wait has now gone on for more than a year].
Compared to the multi-billion dollar deals that have happened recently, Zanox’s acquisition by Axel Springer and PubliGroupe seem to a much smaller deal at €214.9 million (plus some performance-based payments). The acquisition will result in the formation of 2 companies that will operate the zanox brand. While the deal looks like an an all European affair, the intent (as expressed by the management board of Zanox) is to grow internationally.The punchline, stated by all three of those board members in a video release, is ‘monetize the Internet’.
However, the attention will invariably shift to ValueClick/ CommissionJunction– the spotlight has been on ValueClick for more than a year already, but it has been overlooked thus far. The moot question is: even if it is ready to be acquired, which major online media player (of course it doesn’t have to be one) will it be?
