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ACQUISITIONS (Tables)

6 Months Ended

Jun. 30, 2023

Business Combination and Asset Acquisition [Abstract]

Schedule of business acquisitions by acquisition

The total consideration transferred in the acquisition was $96.8 million, consisting of the following (in thousands):

Cash			$	30,830
Cash payable			1,005
Previously-held interest on acquisition date			20,000
Class A common stock of the Company			44,995
Total purchase consideration			$	96,830

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

Schedule of recognized identified assets acquired and liabilities assumed

The results of operations and the provisional fair values of the assets acquired and liabilities assumed have been included in the condensed consolidated financial statements as of the date of acquisition. 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			$	100
Accounts and loans receivable, net of allowance			425
Prepaid expenses and other current assets			134
Goodwill			65,764
Intangible assets, net			21,100
Other non-current assets			9,911
Total assets			97,434
Accounts payable			604
Total liabilities			604
Net assets acquired			$	96,830

The results of operations and the fair values of the assets acquired and liabilities assumed have been included in the condensed consolidated financial statements from the date of acquisition. 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

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)
Licenses			$	1,100					Indefinite
Customer relationships			17,100						6
In-process research and development ("IPR&D")			2,900						N/A

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
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

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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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- Definition

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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-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 3
-Publisher FASB
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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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