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Heartland Paid $4.1 Million In Cash For Chockstone

Written by Evan Schuman
March 19th, 2009

When Heartland announced in November that it was acquiring Chockstone, it issued a statement that “Terms of the agreement were not disclosed.” Why do publicly-held companies try such things? They know they’ll likely have to disclose it at SEC filing time.

This week, that filing time came and the Breach Boys had to report that they had dropped some $4.1 million in cash for Chockstone, including $1.6 million in goodwill and $2.4 million in intangible assets. They also took on some $200K in short-term capital lease obligations and about $300K in long-term capital lease obligations.

Posted in E-Commerce, In-Store, IT Strategy/Industry, Mobile/Wireless/Contactless, Payment Systems
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