THINK Said To Be On The Block
New York City-based interactive agency THINK New Ideas reportedly is on the blockand already has four or five suitors, according to published reports.
New York City-based interactive agency THINK New Ideas reportedly is on the blockand already has four or five suitors, according to published reports.
New York City-based interactive agency THINK New Ideas reportedly is on the block and already has four or five suitors, according to published reports.
The Silicon Alley Reporter said management is “actively looking” to sell the company and has a number of interested buyers, according to sources in and around the company.
One bidder is expected to be New York-based Razorfish, the newsletter said. According to a source close to THINK, Razorfish is willing to pay $22 per share for THINK stock, upping the last high-bidder who was willing to pay $19 per share. THINK’s stock closed Friday at $15, up a quarter.
A Razorfish spokesperson could not comment, citing the company’s SEC-mandated quiet period, which ends Monday. Razorfish went public last month, earning $48 million on the sale of 3 million shares priced at $16.
Citing corporate policy, THINK New Ideas spokesperson Dan Nicholas told SAR he could not comment on the Razorfish bid.
The newsletter said Razorfish may be interested in THINK for its strategic value — both Time Inc. New Media and IBM are top-10 clients for THINK. Razorfish derived the majority of its $13.8 million in revenue last year from a handful of large clients including CBS, AT&T, Road Runner and Charles Schwab.
More about:
Lucy helps organizations leverage knowledge for in... View Tech Talk
TVSquared is the global leader in cross-platform T... View Tech Talk
Grata is a B2B search engine for discovering small... View Tech Talk
Streaming has become a staple of US media-viewing ... Download Now
Data is the lifeblood of so many companies today. ... Download Now
This report documents the findings of a Fireside c... Download Now
Customers decide fast, influenced by only 2.5 touc... Download Now
Streaming has become a staple of US media-viewing habits. Streaming video, however, still comes with a variety of pesky frustrations that viewers are ...
View resourceData is the lifeblood of so many companies today. You need more of it, all of which at higher quality, and all the meanwhile being compliant with data...
View resourceThis report documents the findings of a Fireside chat held by ClickZ in the first quarter of 2022. It provides expert insight on how companies can ret...
View resourceCustomers decide fast, influenced by only 2.5 touchpoints – globally! Make sure your brand shines in those critical moments. Read More...
View resourceMarketers today need to thoughtfully select visuals that align with their content, boost SEO performance and drive ROI Read More...
View articleHow the sunglasses giant created subconscious brand recall value with music festival-goers through the power of strategic partnerships and experientia...
View articleIn life, as much as on LinkedIn (or Facebook, Twitter, etc.) people and brands who blabber on about themselves become annoying and best avoided, soone...
View articleBuilding trust in your brand is hard enough. Now take a situation where your audience is so cynical of your product offering some of them even call fo...
View articleThere is room for better lead capturing as ABM evolves in a cookieless world Read More...
View articleTop-of-mind action points that will be valuable to challenger brand marketing for the rest of 2021 and 2022 Read More...
View articleOmnichannel marketing presents an opportunity to marketers but requires better use of data Read More...
View articleThe dark horse your business needs to outperform competition and win at search Read More...
View article