3DSystems - Parent company of Gentle Giant
From the 2015 3D Systems annual report
On December 23, 2013, the Company acquired 100% of the common stock and voting rights of Gentle Giant Studios, Inc., a provider
of 3D scanning and modeling content for the entertainment and toy industries. The fair value of the consideration paid for this
acquisition, net of cash acquired, was $10,650, of which $7,975 was paid in cash and $2,675 was paid in shares of the Company’s
stock. These shares were issued in a private transaction exempt from registration under the Securities Act of 1933. Gentle Giant
Studios’ technology and content have been integrated into the Company’s service revenue. The fair value of the consideration paid for
this acquisition was allocated to the assets purchased and liabilities assumed, based on their estimated fair values as of the acquisition
date, with any excess recorded as goodwill, and is included in the table below, which summarizes 2013 acquisitions. The Company’s
purchase price allocations are preliminary and subject to revision as more detailed analyses are completed and additional information
about fair value of assets and liabilities becomes available.
Subject to the terms and conditions of the Gentle Giant Share Purchase Agreement, additional consideration will be paid on the third,
fourth and fifth anniversaries of the Closing Date, calculated based on revenues of Gentle Giant for the 12 month period prior to each
such anniversary date.
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The damn things invisible!
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