| Summary of Fair Values of Assets Acquired and Liabilities Assumed |
Due to the proximity of the Fyber Acquisition to our fiscal first quarter ended June 30, 2021, the fair values of the assets acquired and liabilities assumed at the date of acquisition are presented on a preliminary basis and are as follows1:
|
|
|
|
|
|
|
|
|
| Assets acquired |
|
|
| Cash |
|
$ |
71,489 |
|
| Accounts receivable |
|
64,877 |
|
| Other current assets |
|
10,470 |
|
| Property and equipment |
|
1,561 |
|
| Right-of-use asset |
|
13,191 |
|
| Publisher relationships |
|
106,400 |
|
| Developed technology |
|
86,900 |
|
| Trade names |
|
32,100 |
|
| Customer relationships |
|
31,400 |
|
| Favorable lease |
|
1,483 |
|
| Goodwill |
|
303,015 |
|
| Other non-current assets |
|
851 |
|
| Total assets acquired |
|
$ |
723,737 |
|
|
|
|
| Liabilities assumed |
|
|
| Accounts payable |
|
$ |
78,090 |
|
| Accrued license fees and revenue share |
|
5,929 |
|
| Accrued compensation |
|
52,929 |
|
| Other current liabilities |
|
12,273 |
|
| Short-term debt |
|
25,789 |
|
| Deferred tax liability, net |
|
25,213 |
|
| Other non-current liabilities |
|
15,386 |
|
| Total liabilities assumed |
|
$ |
215,609
|
|
| Total purchase price |
|
$ |
508,128
|
|
Due to the proximity of the AdColony Acquisition to our fiscal first quarter ended June 30, 2021, the fair values of the assets acquired and liabilities assumed at the date of acquisition are presented on a preliminary basis and are as follows:
|
|
|
|
|
|
|
|
|
| Assets acquired |
|
|
| Cash |
|
$ |
24,793 |
|
| Accounts receivable |
|
57,285 |
|
| Other current assets |
|
1,845 |
|
| Property and equipment |
|
1,566 |
|
| Right-of-use asset |
|
2,460 |
|
| Customer relationships |
|
102,400 |
|
| Developed technology |
|
51,100 |
|
| Trade names |
|
36,100 |
|
| Publisher relationships |
|
4,400 |
|
| Goodwill |
|
202,552 |
|
| Other non-current assets |
|
131 |
|
| Total assets acquired |
|
$ |
484,632 |
|
|
|
|
| Liabilities assumed |
|
|
| Accounts payable |
|
$ |
21,140 |
|
| Accrued license fees and revenue share |
|
28,920 |
|
| Accrued compensation |
|
8,453 |
|
| Other current liabilities |
|
1,867 |
|
| Deferred tax liability, net |
|
10,520 |
|
| Other non-current liabilities |
|
1,770 |
|
| Total liabilities assumed |
|
$ |
72,670
|
|
| Total purchase price |
|
$ |
411,962
|
|
|
| Summary of Pro Forma Information |
The pro forma information includes adjustments to record the assets and liabilities associated with the Acquisitions at their respective fair values, which are preliminary at this time, based on available information, and to give effect to the financing for the Acquisitions.
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|
|
|
|
|
|
|
|
|
|
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|
|
|
Three months ended June 30, |
|
|
2021 |
|
2020 |
|
|
Unaudited |
|
Unaudited |
|
|
Restated |
|
|
|
|
(in thousands, except per share amounts) |
| Net revenues |
|
$ |
180,472 |
|
|
$ |
102,376 |
|
| Net income / (loss) attributable to controlling interest |
|
$ |
(18,417) |
|
|
$ |
3,585 |
|
| Basic net income / (loss) attributable to controlling interest per common share |
|
$ |
(0.20) |
|
|
$ |
0.04 |
|
| Diluted net income / (loss) attributable to controlling interest per common share |
|
$ |
(0.20) |
|
|
$ |
0.04 |
|
|