Santa Ana-based First American Corp. and an affiliate, First Advantage Corp. in St. Petersburg, Fla., said they bought a stake in LeadClick Media Inc. for $150 million.
The companies said First Advantage kicked in $105 million to buy the 75% stake in San Francisco-based LeadClick, with First American contributing the balance.
LeadClick provides Internet-based lead generation services primarily to the automotive, real estate and financial services markets.
The companies are set to buy the remaining 25% of LeadClick during the next three years.
