DG Fastchannel Acquires Pathfire
June 5, 2007 at 5:55 AM (PT)
DG FASTCHANNEL INC. has completed its previously announced acquisition of privately held PATHFIRE INC. for $30 million. DG FASTCHANNEL financed the transaction with cash on hand and through borrowings under its existing credit facility.
PATHFIRE distributes third-party long-form content, primarily news and syndicated programming, through a proprietary server-based network via satellite and Internet channels.