Adera acquires Blake Agency for $1.5 mil

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STOCKHOLM--Swedish Internet ad agency and marketingcompany Adera has acquired American Internet marketingdevelopment company Blake Agency for $1.5 million. Based in New York, Blake reported revenues of $3 million in 1998. The deal gives Adera an important foothold in the American market. Adera is one of Sweden's top five Internet marketing companies. The company posted sales of $10 million in 1998.

Copyright July 1999, Crain Communications Inc.

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