4. Acquisitions FontShop On July 14, 2014 the Company purchased all of the outstanding stock of FontShop International GmbH, a privately-held font distributor located in Berlin, Germany, its wholly-owned subsidiary FontShop International, Inc. based in San Francisco, California, the FontFont typeface library, FontShop AG of Berlin, the largest distributor of the FontFont library, and certain other typeface families, collectively FontShop, for an aggregate purchase price of approximately $13.0 million plus a working capital adjustment of approximately $2.2 million. We paid approximately $11.9 million from cash on hand at the time of the acquisition, and the remainder, or $3.3 million, is expected to be paid during the fourth quarter of 2014. Of the purchase price, approximately $8.4 million and $6.6 million have been preliminarily allocated to intangible assets and goodwill, respectively. The purchase price has been allocated to the tangible and intangible assets acquired and liabilities assumed based upon the respective estimates of fair value as of the date of the acquisition, which remains preliminary as of September 30, 2014, and using assumptions that the Company management believes are reasonable given the information currently available. The Company is in the process of completing its valuation of certain intangible assets and the valuation of the acquired deferred tax assets and liabilities. The final allocation of the purchase price to intangible assets, goodwill and deferred tax assets and liabilities may differ materially from the information presented in these unaudited condensed consolidated financial statements. On October 9, 2014, FontShop International GmbH was merged into Monotype GmbH. Following the merger, FontShop International Inc. is a wholly-owned subsidiary of Monotype GmbH. The Company has begun the process of merging FontShop AG into Monotype GmbH. Fifty employees joined the Company in connection with the acquisition. Mark Boulton Design On April 7, 2014, the Company purchased all of the