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Acquisitions (Tables)
9 Months Ended
Sep. 30, 2021
Chartboost [Member]  
Schedule of Acquisition Price Allocation

The following table summarizes the acquisition date fair value of the assets, including intangible assets, liabilities assumed and related goodwill acquired from Chartboost (in millions):

 

 

Estimated Purchase Price Allocation

 

Cash

 

$

12.2

 

Restricted cash

 

 

0.4

 

Accounts receivable

 

 

19.4

 

Prepaid expenses

 

 

0.6

 

Other current assets

 

 

2.6

 

Intangible assets, net:

 

 

 

 

Developed technology, useful life of 5 years

 

 

99.8

 

Trade names, useful life of 8 years

 

 

12.8

 

Customer relationships, useful life of 4 years

 

 

2.7

 

Goodwill

 

 

129.3

 

Property and equipment

 

 

0.2

 

Right-of-use assets

 

 

0.5

 

Other non-current assets

 

 

0.1

 

Total assets acquired

 

 

280.6

 

 

 

 

 

 

Accounts payable

 

$

(1.4

)

Income taxes payable

 

 

(0.1

)

Operating lease liabilities

 

 

(0.4

)

Other current liabilities

 

 

(31.0

)

Deferred tax liabilities, net

 

 

(14.4

)

Non-current operating lease liabilities

 

 

(0.1

)

Other non-current liabilities

 

 

(0.5

)

Total liabilities

 

 

(47.9

)

Total purchase price consideration

 

$

232.7

 

 

 

 

 

 

Fair value of Zynga Replacement Stock Options allocated to

   purchase consideration (1)

 

 

(2.2

)

Total cash consideration (2)

 

$

230.5

 

 

 

(1)

The fair value of the Zynga Replacement Stock Options allocated to purchase consideration was determined by calculating the acquisition-date fair value of the replaced unvested Chartboost stock options, multiplied by the ratio of the pre-combination service period to the total service period for the Zynga Replacement Stock Option. The fair value of the unvested Chartboost stock options was estimated using the Black-Scholes option-pricing model. The fair value of the Zynga Replacement Stock Options, less the value allocated to the purchase consideration, represents post-combination stock-based compensation expense. Refer to Note 12 – “Stockholders’ Equity” for further discussion.

 

(2)

The amount shown represents the cash paid at closing (which includes the Escrow Consideration), as well the Deferred Cash Consideration.

Uncosoft [Member]  
Schedule of Acquisition Price Allocation

The following table summarizes the acquisition date fair value of the assets, including intangible assets, and related goodwill acquired from Uncosoft (in millions):

 

 

Estimated Purchase Price Allocation

 

Cash

 

$

0.1

 

Intangible assets, net:

 

 

 

 

Developed technology, useful life of 1 year

 

 

1.8

 

Goodwill

 

 

9.0

 

Total assets acquired

 

 

10.9

 

Deferred tax liabilities

 

 

(0.4

)

Total liabilities

 

 

(0.4

)

Total cash consideration

 

$

10.5

 

Echtra [Member]  
Schedule of Acquisition Price Allocation

 

The following table summarizes the acquisition date fair value of the assets, including intangible assets, and related goodwill acquired from Echtra (in millions):

 

 

 

Estimated Purchase Price Allocation

 

Prepaid expenses

 

$

0.1

 

Intangible assets, net:

 

 

 

 

Developed technology, useful life of 10 years

 

 

10.7

 

Goodwill

 

 

10.3

 

Total assets acquired

 

 

21.1

 

Total cash consideration, including Holdback Consideration

 

$

21.1