Digitas Inc. (Nasdaq: DTAS) acquired Modem Media, Inc. (Nasdaq: MMPT)Added on 12/28/2005 to Articles Directory / Advertising / Advertising agencies / Digitas
In 2004, Digitas Inc. (Nasdaq: dtas) and Modem Media, Inc. (Nasdaq: MMPT) announced that they had signed a merger agreement under which Digitas would acquire Modem Media in a stock-for-stock transaction. Digitas expected the transaction to be accretive to earnings in the first full calendar year after closing. This transaction underscored the growing importance of interactive digital marketing to the world's leading marketers.
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