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Acquisition (Tables)

9 Months Ended

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	)

X

- 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

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(2)
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-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(3)
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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

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 1
-Subparagraph (a)
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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

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