GOODWILL

6 Months Ended

Jun. 30, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL

NOTE 4—GOODWILL

Goodwill is as follows:

	June 30, 2021		December 31, 2020
	(In thousands)
Goodwill	$	2,973,121	$	1,270,532

The following table presents the balance of goodwill, including the changes in the carrying value of goodwill, for the six months ended June 30, 2021:

	(In thousands)
Balance at December 31, 2020	$	1,270,532
Additions	1,721,538
Foreign Exchange Translation	(18,949)
Balance at June 30, 2021	$	2,973,121

On June 17, 2021, Match Group completed the acquisition of all capital stock of Hyperconnect, Inc. (“Hyperconnect”), a leading social discovery and video technology company based in Seoul, South Korea. The acquisition increases our presence in Asian markets and enhances the real-time video capabilities of Match Group. The accounting purchase price was $1.75 billion, net of cash acquired, which consists of $840.9 million of cash, net of cash acquired; 5.9 million shares of Match Group common stock at a basis of the closing market price on the acquisition date; and $22.6 million of withholding taxes payable in the third quarter of 2021 on behalf of certain sellers. The initial allocation of the accounting purchase price has been allocated to the underlying assets acquired and liabilities assumed based upon their estimated fair value, with the remaining purchase price allocated to goodwill. The allocation of the accounting purchase price is preliminary and will be finalized within the allowable measurement period once independent valuations of the fair value of the assets acquired and liabilities assumed, including identified intangible assets and goodwill, are completed.