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ITX made a string of unprofitable acquisitions.
Edison's financial records, going back to the mid-1990'showhow how dependent it has been on investors' willingness to overlook not only its persistent losses but also generous loans to insiders and school board clients, and several unprofitable acquisitions.
Field sold Ling in late March and says he'll sell other unprofitable acquisitions.
After two years of "hyper-growth" in which the company went from 450 to 4,500 employees worldwide, raising $800 million in the process, now LivingSocial is cutting itself down to size after reporting a net loss of $566 million in Q3 after write downs from unprofitable acquisitions.
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Yahoo, which earned $1.6 billion in revenue last quarter, is "sunsetting" Delicious because the unprofitable acquisition "is not a strategic fit".
ShopKeep is currently "just shy of 15,000 merchants and basically profitable at the margin", but because it's also investing in more customer acquisition, it is "unprofitable by choice" at the moment.
Both of those acquisitions turned out to be unprofitable, and were among the reasons that First Union had to cut its staff and close branches.
The Firm's problems primarily stemmed from Mr. Kwatinetz's $12.7 million acquisition of Mr. Ovitz's unprofitable Artist Management Group, or A.M.G.
Investors so distrusted the mogul's devotion to unprofitable newspapers and his tendency to overpay for acquisitions such as Myspace, a social-networking site with a dwindling circle of friends, that the firm's stock traded below other media conglomerates'.
Mr. Norbitz said that during the last fiscal year the company ended 15 leases at unprofitable locations in connection with the Miami Subs acquisition.
For the time being, there is no question that the complex task of reconciling such faraway operations with the cutting-edge but unprofitable assets resulting from Cable and Wireless's acquisition strategy is weighing on the company.
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