Groupon 2011 Annual Report Download - page 108

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GROUPON, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
companies will be included in the consolidated financial statements from their respective dates of the acquisition. The financial effect of these acquisitions,
individually and in the aggregate, was not material to the Company’s consolidated financial statements. Pro-
forma results of operations have not been presented
because the effects of these business combinations, individually and in the aggregate, were not material to the Company’
s consolidated results of operations as
they were start-up businesses.
Additional Purchase of Majority-Owned Subsidiary
In February 2012, the Company acquired additional interests of two majority-
owned subsidiary for an aggregate purchase price of $9.5 million,
including $8.7 million in cash and $0.8 million of Class A common stock. Of these amounts, $1.3 million of cash and $0.3 million of Class A common stock will
be paid over a two year period.
102