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April 15, 2007
Wrong Numbers
When I posted the entry "Google Buys DoubleClick," it was late at night and I was listening to the Yankee game. I made some stupid errors in the numbers. Google paid $3.1 billion for DoubleClick, not $1.6, as I wrote. That means Google paid 11 times revenues, not five times, as I wrote, and 42 times cash flow instead of 22 times, as I wrote. What makes it worse, I corrected Bill Grimes's original numbers--he had it right.
The correct numbers make the price even more outrageous, as Bill pointed out.
Posted by Charles Warner at April 15, 2007 11:10 AM
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