EM.TV AG
EM.TV was a German media group that was founded in 1989. The company went public in October 1997. The issue price of the shares was the equivalent of 35 cents . In December 1998, EM.TV founded the Junior TV company together with the Kirch Group . In February 2000, EM.TV acquired for 1.3 billion German marks , the Jim Henson Company; the purchase price was considered excessive. In 2000 the shares were traded on the stock exchange for 120 euros . In March 2000, EM.TV acquired a 50 percent stake in Formula 1 marketing for 3.3 billion marks . Due to a series of management mistakes, the company made huge losses in the years that followed. In May 2003 the loss-making Jim Henson Company was sold for a fraction of the purchase price.
Thomas Haffa and Florian Haffa were subsequently fined because they had deceived shareholders and sold large blocks of shares during the holding period.
See also
Individual evidence
- ^ Farewell to the Muppets - manager magazin . In: manager magazin . ( manager-magazin.de [accessed on December 3, 2017]).
- ↑ FOCUS Online: I loved being a millionaire . In: FOCUS Online . ( focus.de [accessed on December 3, 2017]).
- Jump up and down - the EM.TV share. Retrieved December 3, 2017 .
- ↑ Investment fraud: The most spectacular cases of rip-offs . ( handelsblatt.com [accessed December 3, 2017]).