24/7 Media Shares Jump on Buyout Report

Written by Zac Johnson

I was checking over my stock portfolio today and saw that 24/7 Media was up 17%+ on the day. Last week it was up a nice amount on the news of the DoubleClick buy out as well. With DoubleClick being picked up by Google, its now just a sit and wait game for all of these other ad networks. Why was the stock up 17% today? Sure enough, it looks like 24/7 Media is the next company on the buy out list. Estimates are the company could get in the area of around $600 million plus. Keep an eye out for what’s to happen with 24/7 Media and who might be next? Click here for the full press release. (Personally, I’m looking forward to a huge buyout for ValueClick next!)🙂