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DoubleClick Japan in buyout talks

DoubleClick, a leading provider of Internet advertising technology, said Monday that software company Trans Cosmos (TCI) offered to buy a majority stake in its Japanese subsidiary. Trans Cosmos, a Tokyo-based technology company, made a tender offer to buy majority ownership in DoubleClick Japan at 38,261 Japanese Yen (about $331) per share--a 37 percent premium over its 30-day average closing price on the Japan New Market.

Once the offer is completed, Trans Cosmos will own 62 percent of the voting shares; DoubleClick will retain a minority stake in the company. Under the agreement, DoubleClick Japan would agree to license the U.S.-based company's suite of DART technology products for resale in Japan.