eMusic Owner Acquires The Orchard For $12.77 Million
Amit Chowdhry | March 16, 2010 | 747 views | Add a CommentCategorized under Dimensional Associates, JDS Capital, The Orchard

JDS Capital owns eMusic and a company called Dimensional Associates. Dimensional has acquired indie music distribution company The Orchard for $12.77 million. Dimensional owns about 42% of Orchard’s common stock and 99% of outstanding A preferred which gives them about 53% of voting securities. As part of the deal, there is a 30 day go-shop provision deal that welcomes any other interested buyers. [paidContent]