13. Other Income (Loss), net

Other Income (Loss), net

Other income (loss), net consists of the effect of transactions and other events relating to Actua’s ownership interests and its operations in general, and, for the years ended December 31, 2014, 2013 and 2012, is comprised of the following (in thousands):

	Year Ended December 31,
	2014			2013			2012
Gain on fair value of prior equity interests	$	-		$	-		$	51,668
Gain (loss) on sales/distributions of ownership interests		5,158			(4,032	)		5,260
Realized gains on sales of marketable securities		269			23			1,552
Other		-			(93	)		(656	)
		5,427			(4,102	)		57,824
Total other loss for consolidated businesses		(127	)		(108	)		(4	)
Total other income (loss), net	$	5,300		$	(4,210	)	$	57,820

On December 26, 2014, Actua sold its ownership stake in Symbio for $8.1 million of cash, $0.8 million of which was placed in escrow to satisfy potential indemnification obligations. Actua recorded a gain of $4.3 million for the proceeds received during the year ended December 31, 2014, which is included in the line item “Gain (loss) on sales/distributions of ownership interests” in the table above.

On December 27, 2012, Actua acquired additional equity interests in Bolt and began to consolidate the financial position and results of Bolt as of that date. Actua recorded a gain on the transaction of $25.5 million, which represents the excess of the fair value at the date of consolidation over its carrying value from its previous equity interest as an equity method business. That gain is included in the line item “Gain on fair value of prior equity interests” for the year ended December 31, 2012 in the table above. See Note 4, “Consolidated Businesses,” for the allocation of the enterprise value.

On October 18, 2013, Freeborders was sold to Symbio. Actua received an equity ownership interest in Symbio as consideration for this transaction. Actua recorded a gain on that transaction of $0.3 million that is included in the line item “Gain (loss) on sales/distributions of ownership interests” for the year ended December 31, 2013 in the table above.

On October 28, 2013, substantially all of the assets of WhiteFence were sold to Allconnect. Actua’s portion of the proceeds was $5.4 million of cash, $1.6 million of which was deferred for one year. Actua recorded a loss on that transaction of $4.3 million that is included in the line item “Gain (loss) on sales/distributions of ownership interests” for the year ended December 31, 2013 in the table above.

On July 11, 2012, Actua acquired additional equity interests in CIML and began to consolidate the financial position and results of CIML as of that date. In conjunction with the fair value determination of Actua’s previous equity interest in CIML, Actua recorded a gain of $26.2 million, representing the excess of Actua’s portion of the value of CIML over its carrying value from its previous equity interest as an equity method business at the date of consolidation; that gain is included in the line item “Gain on fair value of prior equity interests” for the year ended December 31, 2012 in the table above. The primary valuation technique used to measure the acquisition date fair value of CIML immediately before the acquisition was the backsolve option-pricing method.

On July 5, 2012, GoIndustry was sold to Liquidity Services. Actua’s portion of the proceeds was $2.9 million of cash, which was received in July 2012. During the three-month period ended September 30, 2012, Actua recorded its share of the sale transaction costs incurred by GoIndustry, and, accordingly, Actua’s carrying value of GoIndustry was reduced to zero as of the date of the transaction. Actua recorded a gain of $2.9 million for the proceeds received during the year ended December 31, 2012, which is included in the line item “Gain (loss) on sales/distributions of ownership interests” in the table above.

During the years ended December 2013 and 2012, related to shares received in conjunction with the sale of a prior business, Actua realized proceeds of $0.8 million and $7.5 million, respectively, from the sale of Active common stock, which is reflected in the line item “Gain(loss) on sales/distributions of ownerships” in the table above. Additionally, due to the timing of subsequent sales of those Active common stock proceeds, Actua recorded gains of $0.1 million and $1.4 million, in the years ended December 31, 2013 and 2012, respectively, that are included in the line item “Realized gains on sales of marketable securities” in the table above.

During the year ended December 30, 2012, Actua received 12,989 shares of Intercontinental Exchange, Inc. (“ICE”), representing the final distribution of escrow proceeds related to the disposition of Creditex Group, Inc. Actua recorded a gain during the year ended December 31, 2012 of $1.7 million based on the closing stock price of the ICE common stock on the day it was released from escrow; that gain is included in the line item “Gain (loss) on sales/distributions of ownership interests” in the relative period in the table above. Subsequent to the receipt of those shares of ICE common stock, Actua sold the shares and received total proceeds of $1.8 million. The incremental gain on the sale of those shares of $0.1 million is included in the line item “Realized gains on the sales of marketable securities” for the year ended December 31, 2012 in the table above.