dish network corporation notes to consolidated financial statements - continued december 31 , 2008 , we recorded $ 6 million in interest and penalty expense to earnings . accrued interest and penalties was $ 7 million at december 31 , 2008 . 11 . acquisition of sling media , inc . during october 2007 , we acquired all remaining outstanding shares ( 94% ( 94 % ) ) of sling media , inc . ( 201csling media 201d ) for cash consideration of $ 342 million , including direct transaction costs of $ 8 million . we also exchanged sling media employee stock options for our options to purchase approximately 342000 of our common stock valued at approximately $ 16 million . sling media , a leading innovator in the digital- lifestyle space , was acquired to allow us to offer new products and services to our subscribers . on january 1 , 2008 , sling media was distributed to echostar in the spin-off . this transaction was accounted for as a purchase business combination in accordance with statement of financial accounting standards no . 141 , 201cbusiness combinations 201d ( 201csfas 141 201d ) . the purchase consideration was allocated based on the fair values of identifiable tangible and intangible assets and liabilities as follows : purchase price allocation ( in thousands ) .

Table:
 | final purchase price allocation ( in thousands )
tangible assets | $ 28779
prepaid compensation costs | 11844
other noncurrent assets ( 1 ) | -9541 ( 9541 )
acquisition intangibles | 61800
in-process research and development | 22200
goodwill | 256917
total assets acquired | $ 371999
current liabilities | -19233 ( 19233 )
long-term liabilities ( 2 ) | -10922 ( 10922 )
net assets acquired | $ 341844
( 1 ) represents the elimination of our previously recorded 6% ( 6 % ) non-controlling interest in sling media .
( 2 ) includes $ 9 million deferred tax liability related to the acquisition intangibles .
the total $ 62 million of acquired intangible assets resulting from the sling media transaction is comprised of technology-based intangibles and trademarks totaling approximately $ 34 million with estimated weighted-average useful lives of seven years , reseller relationships totaling approximately $ 24 million with estimated weighted-average useful lives of three years and contract-based intangibles totaling approximately $ 4 million with estimated weighted-average useful lives of four years .
the in-process research and development costs of $ 22 million were expensed to general and administrative expense upon acquisition in accordance with sfas 141 .
the goodwill recorded as a result of the acquisition is not deductible for income tax purposes .
the business combination did not have a material impact on our results of operations for the year ended december 31 , 2007 and would not have materially impacted our results of operations for these periods had the business combination occurred on january 1 , 2007 .
further , the business combination would not have had a material impact on our results of operations for the comparable period in 2006 had the business combination occurred on january 1 , 2006. .

Question: what percentage of total assets acquired where comprised of goodwill?
Answer: 70%
Calculation: divide(256917, 371999)