Note 4 - Acquisitions

9 Months Ended

Sep. 30, 2018

Business Combination Disclosure [Text Block]

Acquisitions:

(a)

Blue Ridge Websoft

February 27, 2015,

Ting Fiber, Inc. (“Ting”),

one

of the Company’s wholly owned subsidiaries, acquired a

70%

ownership interest in Ting Virginia, LLC and its subsidiaries, Blue Ridge Websoft, LLC (doing business as Blue Ridge Internet Works), Fiber Roads, LLC and Navigator Network Services, LLC for consideration of approximately

$3.5

million.

February 1, 2017,

under the terms of a call option in the agreement, Ting acquired an additional

20%

interest in Ting Virginia, LLC from the selling shareholders (the “Minority Shareholders”) for consideration of

$2.0

million.

February 13, 2018,

the Company entered into an agreement Minority Shareholders pursuant to which the Minority Shareholders could immediately exercise their put option to sell their remaining

10%

ownership interest in Ting Virginia, LLC for

$1.2

million to the Company. The put option was exercised on

February 13, 2018

and the Company paid

$1.2

million for the remaining

10%

ownership interest and Ting Virginia, LLC became a wholly-owned subsidiary of the Company.

(b)

eNom, Incorporated

January 20, 2017,

the Company entered into a Stock Purchase Agreement (the “Purchase Agreement”) with its indirect wholly owned subsidiary, Tucows (Emerald), LLC, Rightside Group, Ltd., and Rightside Operating Co., pursuant to which Tucows (Emerald), LLC purchased from Rightside Operating Co. all of the issued and outstanding capital stock of eNom, Incorporated (“eNom”), a domain name registrar business. The purchase price was

$77.8

million, which represented the agreed upon purchase of

$83.5

million less an amount of

$5.7

million related to the working capital deficiency acquired.