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Subsequent Events
 9 Months Ended
Sep. 30, 2021
Subsequent Events [Abstract]  
Subsequent Events

Note 14 – Subsequent Events

 

On November 4, 2021, the Company entered into an agreement to acquire Edisn Inc., an AI-powered computer vision platform with patent-pending video recognition technologies based in Bangalore, India, for $20 million. The consideration is to be paid in cash and shares of the Company’s common stock. The Company intends to account for this acquisition as a business combination under the acquisition method of accounting.

 

On November 9, 2021, the Company entered into an agreement to acquire Molotov SAS, a television streaming platform located in France, for €164.3 million (approximately $190 million using the foreign currency exchange rate as of November 8, 2021). The consideration is to be paid in cash and shares of the Company’s common stock, of which at least 85% is expected to be in common stock. The Company intends to account for this acquisition as a business combination under the acquisition method of accounting.