S&P: DoubleClick still on watch

Standard & Poor's said it left its B corporate credit rating on DoubleClick Inc. on CreditWatch negative, where it was placed on Nov. 2, 2004 following the company's announcement that it was exploring strategic alternatives.

DoubleClick has signed a definitive agreement to be acquired by Hellman & Friedman LLC. The acquisition will be funded with a combination of bank debt and equity contribution.

While DoubleClick is serving more customers and its software are managing more online advertisements, S&P said recent growth in volume has been more than offset by the decrease in pricing.

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