Acquisitions

Connectifier

On February 19, 2016, LinkedIn completed its acquisition of Connectifier, Inc. ("Connectifier") for a total purchase price of $105.5 million, which consisted of $49.0 million in cash and 485,166 shares of LinkedIn Class A common stock. The Company also issued restricted stock and equity awards related to assumed Connectifier equity awards, of which the earned portion is included in the purchase price.

Other acquisition

LinkedIn completed one other acquisition during the six months ended June 30, 2016, for a total cash purchase price of $0.4 million.

These acquisitions have been accounted for as business combinations under the acquisition method and, accordingly, the total purchase price is allocated to the tangible and intangible assets acquired and the liabilities assumed based on their respective fair values on the acquisition dates. The results of operations of the acquisitions have been included in the condensed consolidated financial statements from the acquisition dates. The following table presents the preliminary purchase price allocations recorded in the Company's condensed consolidated balance sheet as of the acquisition dates (in thousands):



	Connectifier		Other acquisition		Total
Net tangible assets	$	7,098	$	—	$	7,098
Goodwill ⁽¹⁾	90,120		245		90,365
Intangible assets ⁽²⁾	8,300		105		8,405
Total purchase price ⁽³⁾	$	105,518	$	350	$	105,868

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(1)	The goodwill represents the excess value of the purchase price over both tangible and intangible assets acquired. The goodwill in these transactions is primarily attributable to expected operational synergies, the assembled workforce, and the future development initiatives of the assembled workforce. None of the goodwill is expected to be deductible for tax purposes.


(2)	Identifiable definite-lived intangible assets were comprised of developed technology and customer relationships of $8.0 million and $0.4 million, respectively, with estimated useful lives of 2.0 years and 1.0 year, respectively, which will be amortized on a straight-line basis over their estimated useful lives.


(3)	Subject to adjustment based on (i) purchase price adjustment provisions contained in the acquisition agreements and (ii) indemnification obligations of the acquired company stockholders.

Actual and pro forma results for these acquisitions have not been presented as the financial impact to the Company's condensed consolidated financial statements, individually and in the aggregate, is not material.