[This story originally ran August 22)
(AKQA., a San Francisco interactive marketing company, has acquired search marketing company Searchrev, of Palo Alto, Calif., for less than $10 million, according to the Wall Street Journal. General Atlantic bought AKQA earlier this year for between $200 million and $250 million from Francisco Partners. (Via PE Wire).
Update: Thanks to readers, we’ve been informed the PE Wire reference was wrong. The WSJ said the company’s annual revenue is just under $10 million. This suggests the price was much higher than $10 million.
4 Comments
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Shak said:
Am having a very hard time accepting that less than $10 was the price paid, maybe someone can shed some light.
I’ll even go out on a limb and say NO way …
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Quantz said:
VentureWire, I think you might have misinterpreted the WSJ article and taken SearchRev’s 2007 projected revenues (
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Matt Marshall said:
Quantz, our name is VentureBeat, not VentureWire. But the number came from PEHub, and we’re going to check this out. Thanks.
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Wing Yu said:
“The price tag is relatively small: The company’s annual revenue is just under $10 million, people familiar with the situation said. Terms of the deal weren’t disclosed…”
— Digital-Ad Firm Launches Buying Spree
by SUZANNE VRANICA, THE WALL STREET JOURNAL
August 22, 2007
