What. A. Day. Lots of corporate news percolating after a busy weekend not to mention the world seemingly shutting down for Warren Buffett -- I get it, but man, the guy's influence is astounding.

But you didn't miss that, and frankly, there's plenty to talk about today and not beat that one to death.

Just as I was writing this Qualcomm (QCOM)  released another letter coming at Broadcom (AVGO)  and by the time you read this there will likely be another, so I'll let that one simmer for another day..

Amid all the hubbub in the markets and the day's strong run in the Dow, Fitbit (FIT)  was busy gearing up to disappoint investors after the close. The wearable tech company posted a net loss of 2 cents per share, while Wall Street had expected the company to break even. After rising almost 5% Monday, shares tumbled more than 10% after-hours. Again, I seldom do this, but I am just not a big believer in companies like Fitbit or GoPro (GPRO)  or even Snap (SNAP)  that are more or less one-trick ponies. Sure, they'll all try to sell you on ancillary businesses but if it's these guys sitting in front of a group of investors I think many might tell you you've got a wildly successful product but not so much a business. Alas, these companies have all garnered billions of dollars in so called "smart money" so there's got to be something there. Acquisition targets anyone?

Speaking of deals, a rather wonky revelation out of TheStreet's sister publication The Deal, where our legal expert David Marcus walks us through a really interesting decision in the case of AOL shareholders. A Delaware judge has ruled that Verizon (VZ)  actually overpaid for AOL.

Bottom line, the court's findings will likely discourage stockholders of target companies from seeking appraisal, a judicial action in which a stockholder asks the court to rule on a merger or other transaction which deprives shareholders rights against their will.

It isn't as if this is something that's going to affect the everyday retail investor on a frequent basis. But it is one tool that shareholders can use to make sure they are being paid fair value, one tool that just go a little less appealing in some ways.

Those of you that are interested in hearing more from TheStreet's sister publication The Deal, you should sign up for our corporate governance conferance in November where Paul Singer, Nelson Peltz and a remarkable lineup of leading CEOs and activists have been confirmed as keynotes. The event, hosted by Jim Cramer, is in June in New York but those of you eager to get in the door now can check out the early bird special here.

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Photo of the day: A content deal 

Content is king these days, and if you can aggregate enough content under one roof it's possible to build a pretty viable media company in a short period of time, if you can get the distribution. So is the case with three-year-old Boat Rocker Media, which announced Monday it would acquire FremantleMedia's kids programing division. including Danger Mouse (a reboot of the 1981 series) and Bitz & Bob. Freemantle, an eight-year-old division of German media giant Bertelsmann, includes more than 45 brands across China, Japan, Australia, Europe and the U.K. as well as North and South America. The acquisition is part of a string of deals in Boat Rocker's foray into children's television in 2015. The company has backing from Fairfax Financial Holdings Limited, the firm of Prem Watsa, known as the Canadian Warren Buffett. Read more

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