DG FastChannel Inc. to buy local Limelight Networks' EyeWonder - Ahwatukee Foothills News: Business

default avatar
Welcome to the site! Login or Signup below.
Logout|My Dashboard

DG FastChannel Inc. to buy local Limelight Networks' EyeWonder

Font Size:
Default font size
Larger font size

Posted: Thursday, September 15, 2011 6:00 pm

DG FastChannel Inc. said it has agreed to buy Tempe-based Limelight Networks' EyeWonder video and media advertising unit for about $66 million in cash.

The company, based in Irving, Texas, said the deal will expand its online advertising product and service offerings to the ad, entertainment and broadcast industries and is expected to boost its 2012 earnings. DG expects EyeWonder to generate about $36 million to $37 million in revenue for 2011 and result in $7 million in cost reductions in the first 12 months following the sale.

The deal, which is subject to customary closing conditions, is expected to close this month.

  • Discuss


ahwatukee.com on Facebook


ahwatukee.com on Twitter


Subscribe to ahwatukee.com via RSS

RSS Feeds


Despite excessive heat, some residents still active outside

By Jiahui Jia | Cronkite NewsFriday, June 24, 2016PHOENIX — It was 9 a.m. and the temperature ...

Creature Feature — Arabian Oryx

Did you know the Phoenix Zoo helped save the Arabian Oryx from extinction? Operation Oryx started...

2016 World Championship Hoop Dance Contest

By Coleton Berry, Special to GetOut On Feb. 13-14, at the Heard Museum in Phoenix, dancers from v...

Online poll