DG FastChannel To Buy Match Point Media For $26 Million

http://blogs.barrons.com/techtraderdaily/2010/09/30/dg-fastchannel-to-buy-match-point-media-for-26-million/?mod=yahoobarrons

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.