Tuesday, October 10, 2006

Youbet.com Buys Broadcast Production Firm

Woodland Hills-based Youbet.com, a provider of online pari-mutuel wagering, said Monday that it has acquired Bruen Productions, a broadcast production company headquartered in Loveland, Colorado. Bruen was purchased for $162,000 plus $174,000 in assumed debt. Youbet.com said that it acquired the firm for its production capabilities, which the firm said would save it over $250,000 per year on production costs. Bruen employs six.

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