Business Combination (Tables)

9 Months Ended

Jun. 30, 2023

Schedule of Business Acquisitions, by Acquisition

The acquisition is expected to strengthen Via LA's licensing capabilities, particularly in video, diversify its revenues, and reinforce its ability to develop new patent licensing programs. The total consideration for the acquisition was as follows (in thousands):


	Amount
Cash	$	135,739
Non-controlling interest in Via LA (24.8 million common equity units)	24,815
Total amount paid to sellers	$	160,554
Less: amount deemed post-acquisition expense	(2,174)
Total consideration paid to sellers	$	158,380
Assumed settlement of pre-existing relationships due to Dolby	61,313
Total consideration	$	219,693
Less: unrestricted cash acquired	(80,633)
Total consideration, net of unrestricted cash acquired	$	139,060

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table summarizes the preliminary acquisition date fair values allocated to the net assets acquired:


Recognized Identifiable Assets Acquired and Liabilities Assumed	Purchase Price Allocation (Preliminary)
Cash and cash equivalents	$	80,633
Restricted cash	143,564
Other current assets	73,556
Intangible assets	86,000
Goodwill	56,683
Other non-current assets	39,029
Amounts payable to patent administrative program partner	(199,955)
Other current liabilities	(22,205)
Non-current liabilities	(37,612)
Purchase Consideration	$	219,693

The following table summarizes the preliminary fair values allocated to the various intangible assets acquired (in thousands) and the weighted-average useful lives over which they will be amortized using the straight-line method:


Intangible Assets Acquired	Purchase Price Allocation		Weighted-Average Useful Life (Years)
Licensor Relationships – AVC & Other	$	36,000	13
Licensor Relationships - HEVC	31,000		10
Implementer Relationships – AVC & Other	12,000		13
Implementer Relationships - HEVC	7,000		10
Total	$	86,000	12