Yahoo Finalizes Acquisition of Right Media for $650 Million

July 13th, 2007 by Loren Baker, Editor | No Comments

Yesterday Yahoo announced that it has closed its acquisition of Right Media, buying 80% of the company for $650 million. Yahoo had already owned the other 20% of Right Media.

Right Media’s CEO, Michael Walrath, will now serve as Senior Vice President of Yahoo under Yahoo President Susan Decker.

Yahoo announced their intentions to acquire Right Media shortly after Google had announced their agreement to acquire DoubleClick and before Microsoft acquired aQuantive.

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