The acquisition — which consists primarily of FGI’s client and supplier contracts and “other assets” — comes immediately after the two companies agreed to settle their lawsuit in midtrial over whether Rupert Murdoch’s News America had sabotaged FGI’s business by lying to its customers and hacking into its computers.
Sunday, March 22, 2009
Settle the suit by buying the plaintiff
News America was being sued by Floorgraphics. Not any more. The two companies settled in mid-trial, and then a few hours later announced that Floorgraphics was being bought by New America. Perhaps a coincidence, but I don't think so.