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Acquisition (Tables) | 9 Months Ended
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Sep. 30, 2020
Business Combinations [Abstract] |
Schedule of Assets Acquired and Liabilities Assumed | Any necessary adjustments will be finalized within one year from the date of acquisition (in thousands).
|  | Fair Value |
Assets acquired: |  |  |  |
Cash and cash equivalents |  | $ | 8,040 |
Accounts receivable |  |  | 5,831 |
Prepaid expenses and other current assets |  |  | 976 |
Property & equipment |  |  | 2,042 |
Restricted cash |  |  | 1,333 |
Other noncurrent assets |  |  | 397 |
Operating leases - right-of-use assets |  |  | 5,395 |
Intangible assets |  |  | 243,612 |
Deferred tax assets |  |  | 252 |
Goodwill |  |  | 493,847 |
Total assets acquired |  | $ | 761,725 |
Liabilities assumed |  |  |  |
Accounts payable |  | $ | 51,687 |
Accounts payable – due to related parties |  |  | 14,811 |
Accrued expenses and other current liabilities |  |  | 50,249 |
Accrued expenses and other current liabilities – due to related parties |  |  | 30,913 |
Long term borrowings - current portion |  |  | 5,625 |
Operating lease liabilities |  |  | 5,395 |
Deferred revenue |  |  | 8,809 |
Long-term debt, net of issuance costs |  |  | 18,125 |
Total liabilities assumed |  | $ | 185,614 |
Net assets acquired |  | $ | 576,111 |
Schedule of Estimated Useful Lives and Fair Value of the Intangible Assets Acquired | The estimated useful lives and fair value of the intangible assets acquired are as follows (in thousands):
|  | Estimated Useful Life (in Years) |  | Fair Value |
Software and technology |  | 9 |  | $ | 181,737 |
Customer relationships |  | 2 |  |  | 23,678 |
Tradenames |  | 9 |  |  | 38,197 |
Total |  |  |  | $ | 243,612 |
Schedule of Pro Forma Information | . The following unaudited pro forma consolidated results of operations assume that the acquisition of fuboTV Pre-Merger was completed as of January 1, 2019 (in thousands, except per share data).
|  | Nine months ended September 30 |
|  | 2020 |  |  | 2019 |
Total revenues |  | $ | 163,716 |  |  | $ | 99,321 |
Net loss attributable to common stockholders |  | $ | (448,412 | ) |  | $ | (164,303 | )

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- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(3) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
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- Definition Tabular disclosure of finite-lived intangible assets acquired as part of a business combination or through an asset purchase, by major class and in total, including the value of the asset acquired, any significant residual value (the expected value of the asset at the end of its useful life) and the weighted-average amortization period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275 + Details
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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 -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121647850&loc=d3e4845-128472 + Details
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