SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

January 31, 2006

Date of Report

(Date of earliest event reported)

DIGITAS INC.

(Exact name of registrant as specified in its charter)

Delaware

000-29723

04-3494311

(State or other jurisdiction

of incorporation)

(Commission File No.)

(IRS Employer

Identification No.)

33 Arch Street, Boston Massachusetts 02199

(Address of principal executive offices, including zip code)

(617) 867-1000

(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

¨	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Section 2 – Financial Information

Item 2.01 Completion of Acquisition or Disposition of Assets

On January 31, 2006, Digitas Inc. (“Digitas”) completed its previously announced acquisition of Medical Broadcasting, LLC, a privately held Delaware limited liability company headquartered in Philadelphia, Pennsylvania (“MBC”), pursuant to the Purchase Agreement, dated as of January 3, 2006, by and among Digitas, Medical Broadcasting Company, a Pennsylvania corporation, David Kramer and Linda Holliday (together, the “Principals”).

The initial consideration for this transaction was approximately $30.4 million, payable approximately 74% in cash and approximately 26% in Digitas common stock. Additional consideration may be payable pursuant to an earn-out arrangement that is contingent upon the financial performance of MBC for the period from January 1, 2006 through December 31, 2008. Digitas has the right to buy out its contingent consideration obligation after December 31, 2006 using an agreed upon formula based on the financial performance of MBC through the date of the buy-out.

In connection with the acquisition, the Principals entered into employment agreements with MBC. Each employment agreement has a two year term and may be renewed for one additional year at the election of the Principal.

Prior to the acquisition of MBC pursuant to the Purchase Agreement and the related agreements, there were no material relationships between Digitas, on the one hand, and MBC, Medical Broadcasting Company and the Principals, on the other hand.

The foregoing description of the transaction does not purport to be complete and is qualified in its entirety by reference to the complete text of the Purchase Agreement, which will be filed with Digitas’ Quarterly Report on Form 10-Q for the period ending March 31, 2006 unless earlier filed. A copy of the press release issued by Digitas on January 31, 2006 is attached hereto as an exhibit to this Current Report on Form 8-K and is incorporated herein by reference.

Section 9 – Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits

(d)

Exhibits

99.1 Press release issued by Digitas Inc., dated January 31, 2006.

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

DIGITAS INC.

Date: January 31, 2006

By: /s/ Ernest W. Cloutier

Name: Ernest W. Cloutier

Title: Secretary and General Counsel

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EXHIBIT INDEX


Exhibit No.		Description

99.1		Press release issued by Digitas Inc., dated January 31, 2006

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DIGITAS INC 8-K