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BUSINESS COMBINATIONS
6 Months Ended
Jun. 30, 2023
Business Combination and Asset Acquisition [Abstract]  
BUSINESS COMBINATIONS
NOTE 3: BUSINESS COMBINATIONS
Acquisition of X1
On June 21, 2023, we entered into a definitive agreement to acquire all of the outstanding equity of X1 Inc. (“X1”), a U.S.-based company that offers a no-fee credit card with rewards on each purchase. The aggregate consideration to be paid in cash is approximately $104 million, subject to customary purchase price adjustments set forth in the definitive agreement and customary closing conditions.
On July 3, 2023, we completed the acquisition of X1. We are currently evaluating purchase price allocation.