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Acquisitions (Tables) | 12 Months Ended
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Dec. 31, 2024
Business Combinations [Abstract] |
Summary of allocation of purchase price | The following table summarizes an aggregate disclosure related to acquisitions completed during the year ended December 31, 2022:
Total consideration |  | Cash paid, net of cash acquired(1) |  | Contingent consideration/Redeemable non-controlling interest(2) |  | Allocation of purchase price to Intangible assets, net(3) |  | Weighted average useful life of acquired intangible assets |  | Excess purchase price allocated to Goodwill(4)
$ | 171 |  |  | $ | 133 |  |  | $ | 25 |  |  | $ | 64 |  |  | 6 | Years |  | $ | 101 |
(1) Exclusive of $6 million acquired in short term investments.
(2) Fair values were determined using an income approach primarily based on reaching certain revenue and earnings-based metrics, with discount rates ranging between 2% and 16% and a maximum payout of up to $213 million, of which an estimated $15 million remains.
(3) Intangible assets primarily consist of intellectual property, consisting of games technology and content platforms, and trade names. For those acquired in business combinations, the fair value of these intangible assets was determined using an income approach method and level 3 inputs in the hierarchy as established by ASC 820. The discount rates used in the valuation analyses ranged between 16% and 18%. Royalty rates used for the trade names as well as acquired game content and related technology ranged between 1% and 3% and 20% and 21%, respectively.
(4) The factors contributing to the recognition of acquisition goodwill are based on game portfolio and platform diversification, expected synergies, assembled workforce and other strategic benefits. None of the resultant goodwill is expected to be deductible for income tax purposes.

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- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479907/805-20-50-1 + Details
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