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ACQUISITIONS (Tables)

9 Months Ended

Sep. 30, 2022

Business Combination and Asset Acquisition [Abstract]

Schedule of business acquisitions by acquisition

The total consideration transferred in the acquisition was $258.0 million, consisting of the following (in thousands):

Cash			$	151,424
Cash payable			126
Class A common stock of the Company			103,977
RSUs for shares of the Company’s Class A common stock			2,457
Total purchase consideration			$	257,984

The total consideration transferred in the acquisition was $275.1 million, consisting of the following (in thousands):

Cash			$	56,726
Cash payable			10,442
Class A common stock of the Company - issued			174,229
Class A common stock of the Company - to be issued			33,693
Total purchase consideration			$	275,090

The total consideration transferred in the acquisition was $457.3 million, consisting of the following (in thousands):

Class A common stock of the Company			$	389,314
Previously held interest on acquisition date			10,863
Cash			28,726
Replacement of Bison Trails options			28,365
Total purchase consideration			$	457,268

The aggregate total preliminary consideration transferred in these acquisitions was $135.7 million, consisting of the following (in thousands):

Class A common stock of the Company - issued			$	51,760
Class A common stock of the Company - to be issued			39,940
Cash			27,795
Cash payable			412
Contingent consideration arrangement			15,752
Aggregate total purchase consideration			$	135,659

Schedule of recognized identified assets acquired and liabilities assumed

The following table summarizes the preliminary fair values of assets acquired and liabilities assumed as of the date of acquisition (in thousands):

Cash and cash equivalents			$	10,560
Restricted cash			573
Accounts and loans receivable, net of allowance			4,981
Prepaid expenses and other current assets			4,182
Lease right-of-use assets			1,059
Property and equipment, net			1,248
Goodwill			222,732
Intangible assets, net			28,500
Other non-current assets			3,476
Total assets			277,311
Accounts payable			719
Accrued expenses and other current liabilities			11,325
Lease liabilities			1,059
Other non-current liabilities			6,224
Total liabilities			19,327
Net assets acquired			$	257,984

The following table summarizes the preliminary fair values of assets acquired and liabilities assumed as of the date of acquisition (in thousands):

Cash and cash equivalents			$	10,867
Accounts and loans receivable, net of allowance			411
Prepaid expenses and other current assets			20
Intangible assets, net			41,000
Goodwill			231,685
Other non-current assets			8,295
Total assets			292,278
Accounts payable			472
Accrued expenses and other current liabilities			5,796
Other non-current liabilities			10,920
Total liabilities			17,188
Net assets acquired			$	275,090

The following table summarizes the estimated fair values of assets acquired and liabilities assumed using a cost-based approach (in thousands):

Cash and cash equivalents			$	12,201
Crypto assets held			5,177
Accounts and loans receivable, net of allowance			2,323
Prepaid expenses and other current assets			122
Intangible assets, net			39,100
Goodwill			404,167
Other non-current assets			1,221
Lease right-of-use assets			808
Total assets			465,119
Accounts payable			526
Accrued expenses and other current liabilities			1,920
Lease liabilities			808
Other non-current liabilities			4,597
Total liabilities			7,851
Net assets acquired			$	457,268

The following table summarizes the aggregate estimated fair values of assets acquired and liabilities assumed using a cost-based approach (in thousands):

Cash and cash equivalents			$	4,915
Accounts and loans receivable, net of allowance			57
Prepaid expenses and other current assets			209
Intangible assets, net			46,100
Goodwill			86,041
Total assets			137,322
Accounts payable			65
Accrued expenses and other current liabilities			649
Other non-current liabilities			949
Total liabilities			1,663
Net assets acquired			$	135,659

Schedule of components of finite lived and indefinite lived identifiable intangible assets acquired

The following table sets forth the components of identifiable intangible assets acquired and their estimated useful lives as of the date of acquisition (in thousands, except for years data):

			Fair Value						Useful Life at Acquisition (in Years)
Developed technology			$	15,700					1 - 5
In-process research and development ("IPR&D")			2,500						N/A
Customer relationships			10,300						2

The following table sets forth the components of identifiable intangible assets acquired and their estimated useful lives as of the date of acquisition (in thousands, except for years data):

			Fair Value						Useful Life at Acquisition (in Years)
DCM License			$	26,900					Indefinite
Developed technology			10,700						5
Trading relationships			3,400						3

The following table sets forth the components of identifiable intangible assets acquired and their estimated useful lives as of the date of acquisition (in thousands, except for years data):

			Fair Value						Useful Life at Acquisition (in Years)
Developed technology			$	36,000					3
IPR&D			1,200						N/A
User base			1,900						3

The following table sets forth the components of identifiable intangible assets acquired and their estimated useful lives as of the dates of acquisition (in thousands, except for years data):

			Fair Value						Useful Life at Acquisition (in Years)
Developed technology			$	33,700					2.7
User base			1,000						2.5
In process research and development			1,600						N/A
Customer relationships			9,800						5

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Tabular disclosure of finite-lived and indefinite-lived intangible assets acquired as part of a business combination.

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Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts.

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Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree.

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