Business Combinations (Tables)

6 Months Ended

Jun. 30, 2021

Nielsen’s Advanced Video Advertising Business

Schedule of Preliminary Allocation of Purchase Consideration to Tangible and Intangible Assets Acquired and Liabilities Assumed

The preliminary allocation of the purchase consideration to tangible and intangible assets acquired and liabilities assumed is based on estimated fair values and is as follows (in thousands):

	Fair Values
Assets acquired
Cash and cash equivalents	$	3,057
Prepaid expenses and other current assets		85
Property and equipment, net		584
Intangible assets:
Developed technology		14,200
IPR&D technology		8,500
Goodwill		22,055
Operating lease right-of-use assets		1,235
Other non-current assets		1,927
Total assets acquired		51,643
Liabilities assumed
Accounts payable and accrued liabilities		(1,168	)
Operating lease liabilities		(830	)
Other long-term liabilities		(2,254	)
Total liabilities assumed		(4,252	)
Total purchase consideration	$	47,391

Summary of Valuation of Intangible Assets Acquired

The valuation of the intangible assets acquired from Nielsen’s AVA business along with their estimated useful lives, is as follows (in thousands, except years):

	Estimated Fair Value		Estimated Weighted-Average Useful Lives (in years)
Developed technology	$	14,200	5.9
IPR&D technology		8,500	5.3
Estimated fair value of acquired intangible assets	$	22,700	5.7

TOH Intermediate Holdings, LLC

Schedule of Preliminary Allocation of Purchase Consideration to Tangible and Intangible Assets Acquired and Liabilities Assumed

The preliminary allocation of the purchase consideration to tangible and intangible assets acquired and liabilities assumed, reflecting measurement period adjustments through June 30, 2021, is based on estimated fair values and is as follows (in thousands):

	Fair Values
Assets acquired
Cash and cash equivalents	$	7
Accounts receivable		5,830
Prepaid expenses and other current assets		7,310
Property and equipment, net		307
Intangible assets:
Tradename		20,000
Customer relationships		700
Goodwill		46,671
Operating lease right-of-use assets		5,498
Other non-current assets		23,487
Total assets acquired		109,810
Liabilities assumed
Accounts payable and accrued liabilities		(2,747	)
Deferred revenue, current portion		(4,146	)
Operating lease liabilities		(4,262	)
Deferred revenue, non-current portion		(816	)
Other long-term liabilities		(28	)
Total liabilities assumed		(11,999	)
Total purchase consideration	$	97,811

Summary of Valuation of Intangible Assets Acquired

The valuation of the intangible assets acquired from This Old House along with their estimated useful lives, is as follows (in thousands, except years):

	Estimated Fair Value		Estimated Weighted-Average Useful Lives (in years)
Tradename	$	20,000	10.0
Customer relationships		700	4.0
Estimated fair value of acquired intangible assets	$	20,700	9.8