Deluxe Entertainment Finalizes $68 Million Acquisition of Ascent Media Businesses

10:05 AM PST 12/31/2010 by Carolyn Giardina

The deal, which joins two of the world's largest postproduction entities, is expected to change the face of the industry.

Deluxe Entertainment Services Group Inc. has completed its acquisition of Ascent Media Corp.'s Creative Services and Media Services businesses in a deal valued at $68 million in cash plus the assumption of an unspecified amount of debt. John Malone’s Liberty Media is the majority shareholder of Ascent.