LSYN 1.82 +4.3% Acquires Internet Host Pair Networks
PITTSBURGH, PA / ACCESSWIRE / January 3, 2018 / Liberated Syndication, Inc. (OTCQB: LSYN) ("Libsyn") announced today that it closed its acquisition of Internet hosting company Pair Networks, Inc. ("Pair") on December 27, 2017. Libsyn paid $13.5 million in cash and issued 1,579,613 shares of restricted common stock valued at $2.5 million to acquire 100% of Pair. The combined businesses represented approximately $23 million in annual revenue and approximately $7 million in EBITDA for 2017.
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