3. BUSINESS COMBINATIONS Multimedia Games Holding Company, Inc. On December 19, 2014, Holdings completed its acquisition of Multimedia. Pursuant to the terms of the Agreement and Plan of Merger, dated as of September 8, 2014 (the  Merger Agreement ), by and among Holdings, Movie Merger Sub, Inc., a wholly owned subsidiary of Holdings ( Merger Sub ), and Multimedia, Merger Sub merged with and into Multimedia, with Multimedia continuing as the surviving corporation (the  Merger ). In the Merger, Multimedia became a wholly owned subsidiary of Holdings. Also, as a result of the Merger, each outstanding share of common stock, par value $0.01 per share, of Multimedia, other than shares held by Holdings, Multimedia, Merger Sub or their respective subsidiaries, was cancelled and converted into the right to receive $36.50 in cash, without interest (the  Merger Consideration ), together with the consideration paid in connection with the acceleration and full vesting of Multimedia equity awards, (collectively, the  Total Merger Consideration ). Multimedia designs, manufactures and supplies gaming machines and systems to commercial and Native American casino operators as well as select lottery operators and commercial bingo facility operators. Multimedia s revenues are generated from the operation of gaming machines in revenue sharing or lease arrangements and from the sale of gaming machines and systems that feature proprietary game themes. The total purchase consideration for Multimedia was as follows (in thousands, except per share amounts): Amount Purchase consideration Total purchase price for Multimedia Games common stock (29,948 shares at $36.50 per share) $ 1,093,105 Payment in respect to Multimedia Games outstanding equity awards 56,284 Total merger consideration 1,149,389 Repayments of Multimedia Games debt and other obligations 25,065 Less: Multimedia Games outstanding cash at acquisition date (118,299) Total purchase consideration $ 1,056,155 The Merger was accounted for using the acquisition method of accounting