Ad tech company Gravity4 has made a 564,700,000 kr ($67.4 million) bid to acquire publicly traded rival Swedish company TradeDoubler. The news is startling for a number of reasons: It comes exactly a week after another publicly traded ad tech company, Rocket Fuel, rejected a $350 million takeover bid from Gravity4 saying it was "not credible." At the time Gravity4 originally made its unsolicited offer, Rocket Fuel's stock surged 18% in the pre-market and briefly stopped trading.
Gurbaksh Chahal's Gravity4 Is Trying To Acquire Another Public Ad Tech Company Just A Week After Its Last Takeover Bid Was Rejec
Lara O'Reilly, Business Insider
Wed, 05/20/2015 - 3:05am
Topics: aol the san francisco business times ceo gurbaksh chahal april neither chahal sweden ab he triggit adx search oracle adobe gchahal may alonso now watch american canadian gravity4 tradedoubler rocket fuel business chahal ceo gurbaksh chahal insider radiumone chahal acquire public week rejec takeover bid ad tech company kr million stock equivalent offer claims allegedly guilty comment surged reported billion pleaded valued board share
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