SWEDEN - AOL launches $900m offer for VC-backed TradeDoubler
AOL has made a cash tender offer to acquire online marketing solutions company TradeDoubler AB for SEK 215 per share. Funds managed by TowerBrook Capital Partners, Arctic Ventures, Prosper Capital and Four Seasons Venture (now called Verdane Capital) helped float TradeDoubler on the Stockholm Stock Exchange in November 2005 with an initial share price of SEK 110.
Shareholders representing around 20% of the outstanding shares, including TradeDoubler's largest shareholder, Arctic Ventures, have accepted the offer.
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