Blackberry 2013 Annual Report Download - page 141

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Research In Motion Limited
Notes to the Consolidated Financial Statements
In millions of United States dollars, except share and per share data, and except as otherwise indicated
On March 8, 2012, the Company purchased for cash consideration 88% of the shares of Paratek Microwave Inc. (“Paratek”),
representing all remaining shares of Paratek which were not previously held by the Company. Immediately prior to the
acquisition date, the Company owned a 12% interest in Paratek. The non-controlling interest had a carrying value of $20 million
and was re-measured at a fair value of $20 million, and resulted in no gain or loss. The valuation was based on the application of
a minority interest discount to the aggregate purchase consideration paid and then allocating the implied value of Paratek, on a
minority interest basis, across the shares outstanding. The acquired technology will be incorporated into the Company’s products
to enhance radio frequency tuning technologies.
During fiscal 2012, the Company purchased for cash consideration 100% of the shares of a company whose technology will be
incorporated into the Company’s proprietary technology.
During fiscal 2012, the Company purchased for cash consideration 100% of the shares of a company whose technology is being
incorporated into an application on the BlackBerry PlayBook tablet.
During fiscal 2012, the Company purchased for cash consideration 100% of the shares of a company whose technology offers a
customizable and cross-platform social mobile gaming developer tool kit.
During fiscal 2012, the Company purchased for cash consideration 100% of the shares of a company whose technology will
provide a multi-platform BlackBerry Enterprise Solution for managing and securing mobile devices for enterprises and
government organizations.
During fiscal 2012, the Company purchased for cash consideration certain assets of a company whose acquired technology will
be incorporated into the Company’s products to enhance calendar scheduling capabilities.
During fiscal 2012, the Company purchased for cash consideration 100% of the shares of a company whose technology is being
incorporated into the Company’s developer tools.
The acquisitions were accounted for using the acquisition method whereby identifiable assets acquired and liabilities assumed
were measured at their fair values as of the date of acquisition. The excess of the acquisition price over such fair value, if any, is
recorded as goodwill, which is not expected to be deductible for tax purposes. In-process research and development is charged to
amortization expense immediately after acquisition. The Company includes the operating results of each acquired business in the
consolidated financial statements from the date of acquisition.
25
7. BUSINESS ACQUISITIONS