Acquisitions

3 Months Ended

Mar. 31, 2022

Business Combinations [Abstract]

Acquisitions

7. Acquisitions

Acquisition of NanoTribe GmbH (“NanoTribe”)

On February 9, 2022, the Company acquired 100% of all issued and outstanding share capital of NanoTribe, a Germany-based company, in order to optimize its hyper-casual published game cost structure, for total purchase consideration of $8.7 million.  

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

	Estimated Purchase Price Allocation
Cash	$	0.2
Other current assets		0.1
Intangible assets, net:
Developed technology, useful life of 1 year		1.5
Goodwill		7.5
Total assets acquired		9.3
Other current liabilities		(0.1	)
Deferred tax liabilities, net		(0.5	)
Total liabilities		(0.6	)
Total cash consideration	$	8.7

Goodwill, which is deductible for tax purposes, represents the excess of the purchase price over the fair value of the net tangible and intangible assets acquired and is primarily attributable to the assembled workforce of the acquired business and expected synergies at the time of the acquisition.