aQuantive shareholders OK merger of company into Microsoft subsidiary

By Lisa Kerner

Charlotte, N.C., Aug. 9 - aQuantive, Inc. shareholders voted on Thursday to approved the May 17 merger agreement with Microsoft Corp.

The agreement gives aQuantive shareholders $66.50 per share in an all-cash transaction valued at an estimated $6 billion.

Arrow Acquisition Co., a wholly owned subsidiary of Microsoft, will merge into aQuantive and aQuantive will become 100% owned by Microsoft. The merger is expected to be completed within two business days.

As previously reported, Microsoft chief executive officer Steve Ballmer called the acquisition the next step in the evolution of Microsoft's ad network, from MSN, to Xbox Live, Office Live and through to the full capacity of the internet.

Digital marketing company aQuantive is the parent company of the interactive ad agency Avenue A | Razorfish. aQuantive will continue to operate from its Seattle headquarters as part of Microsoft's online services business.

Microsoft is a software, services and solutions company located in Redmond, Wash.

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