NOTE 4. ACQUISITIONS IAHGames In July 2010, we began consolidating Infocomm Asia Holdings Pte Ltd. ( IAHGames ), an online game operator, publisher and distributor in Southeast Asia. We acquired IAHGames in order to enhance our position in the online game market in Southeast Asia and strengthen our online entertainment product portfolio. This primary factor among others, contributed to a purchase price in excess of the fair market value of the net tangible assets and intangible assets acquired. As of December 31, 2010 and 2011, we owned 5,982,230 Class A preferred shares and 1,208,881 Class B preferred shares of IAHGames, which represents a controlling financial interest of 80 percent of the total outstanding voting rights of IAHGames. The preferred shares (Class A) are convertible into ordinary shares of IAHGames at a conversion rate of 10 Class A shares for 1 ordinary share. The preferred shares (Class B) are convertible into ordinary shares of IAHGames at a conversion rate of 1 Class B share for 1 ordinary share. Our acquisitions of IAHGames during the period from 2006 to 2011 are summarized as follows: Date of acquisition Amount Description Accumulated voting interest at those points in time December 2006 $ 5,750 * Purchased 500,000 convertible voting preferred shares-Class B 32.26 % May 2010 $ 2,192 ** Purchased 208,881 convertible voting preferred shares-Class B 40.30 % July 2010 $ 4,500 *** Purchased 6,000,000 convertible voting preferred shares-Class A 57.87 % July 2010 $ 10,000 **** Subscribed to 500,000 convertible voting preferred shares-Class B and transferred 17,770 convertible voting preferred shares   Class A 80.00 % * The original investment amount of $10 million was written down to $5.8 million, resulting from an impairment charge of $4.2 million recorded in 2009. ** We purchased 208,881 Class B preference shares of IAHGames from Bodhi Investment LLC in exchange for 866,373 shares of GigaMedia s common stock at a market price of US$2.53 on the issuance date. *** We purchased 3,000,000 Class A pre