Corporate buyout collapses due to technical issue with energy credit transfer
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The highly anticipated corporate buyout of social media company FaceBlorg by tech giant Fruit-AI, has collapsed due to technical issues with energy credit transfer.
The deal, reportedly worth around 1.2 trillion energy credits, was due to be processed today but failed after internal auditing at FaceBlorg revealed the company had no meaningful mechanism to receive energy credits from Fruit-AI due to 'plug and socket irregularities.'
Snark Tucker, ironic arthropod non-Blorg CEO of FaceBlorg, made the following statement this morning:
"It is with regret that we announce the buyout of our company has been halted.
Our engineers realised all too late that Fruit-AI's unique own brand of one-pronged plugs would not fit into our tri-pronged sockets, and so there was no way for any transaction to be processed.
I'd like to reassure FaceBlorg users that we only accepted this buyout so management could become really wealthy, and that ordinary user's consumption of corporate advertising will continue uninterrupted.
This is just another obstacle we'll pay for someone else to sort out for us."
FaceBlorg, the wildly successful niche Blorg social media start-up, has long been eyed up by the tech giant Fruit-AI, which has sought to expand its influence into the Blorg's highly insular and socially awkward neural net community.
Zoghren, floating fungoid CEO of Fruit-AI, made this statement moments ago:
"I'm not really sure why we didn't think of this before.
It really puts a dent in our plans to assimilate all neural net users into an advertisement watching hivemind."
Shareholders from both companies have urged for the deal to continue, requesting Fruit-AI convert energy credits into minerals to allow for a physical payment. FaceBlorg has rejected this, citing the cost and time it would take to construct an estimated 3,400 mineral silos to allow for storage of the minerals.
Economists have called for the creation of either a universal plug/socket system, or even a galactic currency, highlighting that the current method of energy transfer is inconsistent and unsustainable.
FaceBlorg and Fruit-AI shares on the composite Space Exchange Index (SEXI) fell on the news.
> More accurate reporting from Erik Akselsen could not be possible.