Digital Entertainment Distributor The Orchard Goes Private

Authored by Mark Hefflinger on July 29, 2010 - 11:48am.

New York - The Orchard (NASD: ORCD), a provider of digital entertainment distribution and marketing services, announced on Thursday that private equity firm Dimensional Associates has completed its acquisition of the company, which is now private and will cease trading on the Nasdaq tomorrow.

Under the terms, Orchard shareholders will receive $2.05 per share.

New York-based The Orchard went public in 2007 via a reverse merger deal.

Dimensional Associates is also the corporate parent of the eMusic subscription service.

Related Links:
http://tinyurl.com/2fj6ded

http://www.theorchard.com