Sibling Group Holdings, Inc. (OTCPK:SIBE) signed a letter of intent to acquire Funutation Tekademy LLC for $0.17 million in stock on November 16, 2012. The purchase consideration includes issuance of 0.2 million shares of Sibling Group. Ted Jordon will be employed as the President of the new subsidiary, and he will assist in expansion of the current business, and in the evaluation and acquisition of other STEM related businesses. The transaction is subject to due diligence by both parties, definitive documentations and an audit of the books and records of Funutation. The transaction is expected to close within 60 days.

Sibling Group Holdings, Inc. (OTCPK:SIBE) cancelled the acquisition of Funutation Tekademy LLC on November 16, 2013.