Groove lawsuit offers acquisition details

The lawsuit by an ex-Groove Networks executive has revealed some of the details that were kept quiet with regards to the company's pending takeover by Microsoft.

According to a Boston Globe report, the lawsuit by former executive VP Michael Matthews pegs the purchase price for Groove at $120 million. Microsoft did not provide any of the financial details when it announced the deal on March 10.

As we noted last week, the Delaware judge overseeing the case blocked Matthews' attempt for a restraining order to halt the deal. The Globe article said that the judge did leave room for Matthews to amend the suit seeking a different distribution of the deal's proceeds. According to the Globe and other reports, Matthews' suit charges that the deal does not adequately represent the interests of some Groove workers that were granted common or preferred stock.

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Details about Apple's 'spaceship' campus from the drone pilot who flies over it

MyithZ has one of the most popular aerial photography channels on YouTube. With the exception of revealing his identity, he is an open book as he shares with CNET's Brian Tong the drone hardware he uses to capture flyover shots of the construction of Apple's new campus, which looks remarkably like an alien craft.

by Brian Tong