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Short Take: Fingerhut acquires equity interest in MountainZone.com

Fingerhut Companies, one of the nation's largest direct marketers, has acquired a 19.9 percent equity interest in The Zone Network, parent company of MountainZone.com, a community-based site for mountain sports information and merchandise. As part of the agreement, Fingerhut acquired the right to increase its stake to a majority interest, but other financial terms of the agreement were not disclosed. The acquisition is the fourth for Fingerhut in as many months.

Fingerhut Companies, one of the nation's largest direct marketers, has acquired a 19.9 percent equity interest in The Zone Network, parent company of MountainZone.com, a community-based site for mountain sports information and merchandise. As part of the agreement, Fingerhut acquired the right to increase its stake to a majority interest, but other financial terms of the agreement were not disclosed. The acquisition is the fourth for Fingerhut in as many months.