Abacast, Inc. made an offer to acquire AllDigital Holdings, Inc. (OTCBB:ADGL) in a reverse merger transaction on January 12, 2014. As per the terms of the offer, AllDigital shareholders would own 38% and Abacast shareholders would own 62% of the common stock of the combined company, excluding options and warrants. Per share consideration, exchange ratios, option pools, etc. will be determined following a due diligence process. The offer is subject to the negotiation of a definitive merger agreement, conducting confirmatory due diligence and obtaining equity financing. It is also subject to Abacast receiving management control of the combined company, the negotiation of severance payouts to certain executive officers, the execution of releases from liability in light of multiple SEC filings breaches, damages, reserved rights, etc. associated with the failed Broadcast International merger. On January 24, 2014, AllDigital's Board of Directors rejected the offer.

Abacast, Inc. cancelled the acquisition of AllDigital Holdings, Inc. (OTCBB:ADGL) in a reverse merger transaction on January 24, 2014.