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Business Combinations (Tables) | 6 Months Ended
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Jun. 30, 2020
Business Combinations [Abstract] |
Schedule of Purchase Consideration Transferred | The purchase consideration transferred consisted of the following:
| Purchase consideration
Cash paid to common and preferred stockholders and vested option holders | $ | 175.2 |
Transaction costs paid by Dropbox on behalf of HelloSign | 2.4 |
Fair value of assumed HelloSign options attributable to pre-combination services(1) | 0.8 |
Purchase price adjustments | (0.5 | )
Total purchase consideration | $ | 177.9 |
(1) The fair value of options assumed were based upon the Black-Scholes option-pricing model.
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed |
Assets acquired: |
Cash and cash equivalents | $ | 5.5 |
Short-term investments | 7.8 |
Acquisition-related intangible assets | 44.6 |
Accounts receivable, prepaid and other assets | 5.0 |
Total assets acquired | $ | 62.9 |
Liabilities assumed: |
Accounts payable, accrued and other liabilities | $ | 6.3 |
Deferred revenue | 4.8 |
Deferred tax liability | 6.9 |
Total liabilities assumed | 18.0 |
Net assets acquired, excluding goodwill | 44.9 |
Total purchase consideration | 177.9 |
Goodwill(2) | $ | 133.0 |
(2) The goodwill recognized was primarily attributable to the opportunity to expand the user base of the Company's platform. The goodwill is not deductible for U.S. federal income tax purposes.
Schedule of Finite-Lived Intangible Assets Acquired and Estimated Useful Lives | The fair value of the separately identifiable finite-lived intangible assets acquired and estimated weighted average useful lives are as follows:
| Estimated fair values |  | Estimated weighted average useful lives (In years)
Customer relationships | $ | 20.5 |  |  | 4.9
Developed technology | 19.6 |  |  | 5.0
Trade name | 4.5 |  |  | 5.0
Total acquisition-related intangible assets | $ | 44.6 |  |  |

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