Acquisitions and Disposals

3 Months Ended

Mar. 31, 2016

Discontinued Operations and Disposal Groups [Abstract]

Acquisitions and Disposals

Note 3 Acquisitions & Disposals

2015 Sale of Slingo and social casino business. On July 24, 2015, we entered into an agreement to sell the Slingo and social casino portion of our games business to Gaming Realms plc for $18.0 million. Of this amount, $10.0 million of the total consideration was paid in cash at closing on August 10, 2015 and the remaining $8.0 million will be payable either all in cash or a mix of cash and Gaming Realms plc stock, at our election, on the first and second anniversaries of the closing.

With the transaction, Gaming Realms plc assumed the operations of our Slingo and social casino businesses, including substantially all of the related assets and liabilities, as well as the stock of Backstage Technologies Incorporated. Based on several factors, including the timing of the receipt of the remaining $8.0 million consideration, we deferred the remaining gain of $8.0 million and will recognize that gain upon realization.