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A Yahoo billboard is seen in New York's Times Square October 19, 2010.
Credit: Reuters/Brendan McDermid
Tue Nov 1, 2011 9:48am EDT
(Reuters) - Yahoo Inc will buy online advertising technology firm interclick inc for $270 million in cash, the companies said.
The $9 a share offer represents a 22 percent premium over interclick shares' closing price on Monday on Nasdaq.
Interclick helps advertisers identify online target audience through its analytics services.
Yahoo shares closed at $15.64 on Monday on Nasdaq. They were down 5 percent in pre-market trading.
(Reporting by Himank Sharma in Bangalore; Editing by Joyjeet Das)
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