Connected Data gobbled for $7.5m? More like an $80m funding round
The $7.5m purchase of Connected Data by Imation can be looked at as an $80m funding round with a potential bonanza from a successful Imation restructuring-driven stock price rise. Also, as well as the $7.5m paid up front, there is a potential $5m earn-out in more Imation stock based on revenue targets in the two halves of 2016 …