DG FastChannel/MediaMind Technologies
On June 16, 2011, DG FastChannel, Inc. (Nasdaq: DGIT) and MediaMind Technologies Inc. (Nasdaq: MDMD) have entered an agreement whereby DG will acquire MediaMind for $22 per share in cash, or total consideration of $517 million.
The transaction is expected to be accretive to DG’s non-GAAP EPS in 2012.
Upon closing, Gal Trifon, President and CEO of MediaMind, will serve as DG’s Chief Digital Officer, leading DG’s online advertising business. Additionally, Ofer Zadikario, MediaMind’s Chief Solutions Officer, will join DG in the same position.
Closing is expected in Q311.
Goldman Sachs & Co. and Bank of America Merrill Lynch acted as financial advisors and Latham & Watkins provided legal advice to DG. Qatalyst Partners acted as financial advisor and Davis, Polk & Wardwell LLP provided legal advice to MediaMind.
The transaction is expected to be accretive to DG’s non-GAAP EPS in 2012.
Upon closing, Gal Trifon, President and CEO of MediaMind, will serve as DG’s Chief Digital Officer, leading DG’s online advertising business. Additionally, Ofer Zadikario, MediaMind’s Chief Solutions Officer, will join DG in the same position.
Closing is expected in Q311.
Goldman Sachs & Co. and Bank of America Merrill Lynch acted as financial advisors and Latham & Watkins provided legal advice to DG. Qatalyst Partners acted as financial advisor and Davis, Polk & Wardwell LLP provided legal advice to MediaMind.
