organizations evaluate whether transactions should be accounted for as acquisitions ( or disposals ) of assets or businesses , with the expectation that fewer will qualify as acquisitions ( or disposals ) of businesses .the asu became effective for us on january 1 , 2018 .these amendments will be applied prospectively from the date of adoption .the effect of asu 2017-01 will be dependent upon the nature of future acquisitions or dispositions that we make , if any .in october 2016 , the fasb issued asu 2016-16 , 201cincome taxes ( topic 740 ) : intra-entity transfers of assets other than inventory . 201d the amendments in this update state that an entity should recognize the income tax consequences of an intra-entity transfer of an asset other than inventory , such as intellectual property and property and equipment , when the transfer occurs .we will adopt asu 2016-16 effective january 1 , 2018 with no expected effect on our consolidated financial statements .in june 2016 , the fasb issued asu 2016-13 , 201cfinancial instruments - credit losses ( topic 326 ) : measurement of credit losses on financial instruments . 201d the amendments in this update change how companies measure and recognize credit impairment for many financial assets .the new expected credit loss model will require companies to immediately recognize an estimate of credit losses expected to occur over the remaining life of the financial assets ( including trade receivables ) that are in the scope of the update .the update also made amendments to the current impairment model for held-to-maturity and available-for-sale debt securities and certain guarantees .the guidance will become effective for us on january 1 , 2020 .early adoption is permitted for periods beginning on or after january 1 , 2019 .we are evaluating the effect of asu 2016-13 on our consolidated financial statements .in january 2016 , the fasb issued asu 2016-01 , 201cfinancial instruments - overall ( subtopic 825-10 ) : recognition and measurement of financial assets and financial liabilities . 201d the amendments in this update address certain aspects of recognition , measurement , presentation and disclosure of financial instruments .the amendments in this update supersede the guidance to classify equity securities with readily determinable fair values into different categories ( that is , trading or available-for-sale ) and require equity securities ( including other ownership interests , such as partnerships , unincorporated joint ventures and limited liability companies ) to be measured at fair value with changes in the fair value recognized through earnings .equity investments that are accounted for under the equity method of accounting or result in consolidation of an investee are not included within the scope of this update .the amendments allow equity investments that do not have readily determinable fair values to be remeasured at fair value either upon the occurrence of an observable price change or upon identification of an impairment .the amendments also require enhanced disclosures about those investments .we will adopt asu 2016-01 effective january 1 , 2018 with no expected effect on our consolidated financial statements .note 2 2014 acquisitions active network we acquired the communities and sports divisions of athlaction topco , llc ( 201cactive network 201d ) on september 1 , 2017 , for total purchase consideration of $ 1.2 billion .active network delivers cloud-based enterprise software , including payment technology solutions , to event organizers in the communities and health and fitness markets .this acquisition aligns with our technology-enabled , software driven strategy and adds an enterprise software business operating in two additional vertical markets that we believe offer attractive growth fundamentals .the following table summarizes the cash and non-cash components of the consideration transferred on september 1 , 2017 ( in thousands ) : .
[['cash consideration paid to active network stockholders', '$ 599497'], ['fair value of global payments common stock issued to active network stockholders', '572079'], ['total purchase consideration', '$ 1171576']]
we funded the cash portion of the total purchase consideration primarily by drawing on our revolving credit facility ( described in 201cnote 7 2014 long-term debt and lines of credit 201d ) .the acquisition-date fair value of 72 2013 global payments inc .| 2017 form 10-k annual report .

Question: what portion of the total purchase consideration is compensated with shares of global payments?
Answer: 48.8%