The manufacturing conglomerate's stock tumbled nearly 20% to $33.65, as investors reacted to news that it paid $20 million to an outside director for his help in securing a major acquisition last year.
"This acquisition allows us to secure a large, global platform on which to distribute our increasingly successful original programming through a collection of strong, well-established and well-managed assets worldwide".
Meanwhile, to support the acquisition, Uberall has secured an additional $25 million investment as an extension of February's Series B round.
This acquisition secures a building block in areas where we see the opportunity to build cash flow from near term, lower risk exploration, development or producing properties.
Much like indie filmmakers before him, the New2 Groveler borrowed against credit cards to secure artifact acquisition funds.
The German industrial conglomerate ThyssenKrupp said that it had started legal action to secure the acquisition of the Canadian steel producer Dofasco.
It seems to be reeling from failing to secure the acquisition of WhatsApp, which turned Facebook into the dominant global player.
The suit against AOL claims that between 2000 and 2001, America Online overstated its earnings by almost $1 billion, that it overstated subscribers to its Internet service, and that it inflated its e-commerce and advertising revenue to help secure its acquisition of Time Warner.
