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ACQUISITIONS (Tables)

6 Months Ended

Jun. 30, 2022

Business Acquisition [Line Items]

Schedule of Fair Value of the Assets Acquired and Liabilities Assumed

The purchase consideration was allocated to the following assets and liabilities.

			Amount
Tangible assets acquired and liabilities assumed:
Cash and marketable securities			$	68,748
Accounts receivable			79,086
Prepaid expenses			7,807
Income tax receivable			4,566
Property, plant & equipment, net			1,551
Other assets			6,950
Accounts payable			(9,798)
Deferred revenue			(60,768)
Accrued expenses and other current liabilities			(110,004)
Income tax payable			(2,091)
Notes payable			(172,038)
Deferred tax liabilities			(138,613)
Other liabilities			(8,474)
Total tangible assets acquired and liabilities assumed			(333,078)
Intangible assets			562,100
Goodwill			821,277
Net assets acquired			$	1,050,299
Consideration:
Cash			$	440,155
Equity			411,453
Total consideration attributable to System1			851,608
Total consideration attributable to NCI			198,691
Total consideration			$	1,050,299

Answers Holdings, Inc.

Business Acquisition [Line Items]

Schedule of Fair Value of the Assets Acquired and Liabilities Assumed

The purchase consideration was allocated to the following assets and liabilities:

			Amount
Tangible assets acquired and liabilities assumed:
Working capital			$	32
Total tangible assets acquired and liabilities assumed			32
Trademark - 10 years weighted average useful life			1,100
Goodwill			3,500
Net assets acquired			$	4,632
Consideration:
Cash			$	4,632
Total consideration			$	4,632

NextGen Shopping, Inc

Business Acquisition [Line Items]

Schedule of Fair Value of the Assets Acquired and Liabilities Assumed

The purchase consideration was allocated to the following assets and liabilities:

			Amount
Tangible assets acquired and liabilities assumed:
Cash and cash equivalents			$	21,232
Accounts receivable			5,860
Other current assets			446
Accounts payable			(116)
Accrued expenses and other current liabilities			(118)
Income tax payable			(197)
Deferred tax liabilities			(10,895)
Total tangible assets acquired and liabilities assumed			16,212
Intangible assets			42,200
Goodwill			42,175
Net assets acquired			$	100,587
Consideration:
Cash			$	75,087
Equity			25,500
Total consideration			$	100,587

Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination

Following are the details of the purchase price allocated to the intangible assets for the CouponFollow acquisition:

			Amount						Weighted Average Useful Life (in Years)
Trademark			$	38,100					10
Software			4,100						4
Total			$	42,200

RoadWarrior, LLC

Business Acquisition [Line Items]

Schedule of Fair Value of the Assets Acquired and Liabilities Assumed

The purchase consideration was allocated to the following assets and liabilities:

			Amount
Tangible assets acquired and liabilities assumed:
Working capital			$	155
Total tangible assets acquired and liabilities assumed			155
Intangible assets			4,500
Goodwill			14,981
Net assets acquired			$	19,636
Total consideration:
Cash			$	19,636

Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination

Following are the details of the purchase price allocated to the intangible assets for the RoadWarrior acquisition:

			Amount						Weighted Average Useful Life (in Years)
Trademark			$	2,200					10
Software			1,000						4
Customer relationships			1,300						3
Total			$	4,500

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