DG FastChannel (DGIT), which provides digital media service to the advertising and broadcast industry, this morning said it will acquire privately held Match Point Media, a provider of direct response advertising, for $26 million in cash. The deal is expected to close October 1.
DGIT said Match Point expects revenue for the nine months through September 30 of $14 million, with EBITDA of about $3 million. DG said it expects $2 million in cost synergies from the deal by the end of 2011.
DGIT today is up $1.93, or 9.6%, to $21.96.
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