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Subsequent events
9 Months Ended
Sep. 30, 2013
Subsequent events  
Subsequent events

13. Subsequent events

 

On October 31, 2013, we acquired all outstanding stock of Electronic Media Systems, Inc. (“EMS”) and all membership interests in its subsidiary, Advanced Wireless Group, LLC (“AWG”), not otherwise owned by EMS, such that we are now the beneficial owner of all membership interests of AWG, for approximately $16,000 plus contingent consideration and the assumption of certain debt and liabilities. AWG operates public Wi-Fi in seventeen U.S. airports including Los Angeles International, Charlotte/Douglas International, Miami International, Minneapolis-St. Paul International, Detroit Metropolitan Airport, and Boston’s Logan International. Due to the timing of the closing, we have not completed the purchase accounting associated with the acquisition as of the date of this report.