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v3.23.2

MERGER - Fair Value of the Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Thousands | Jan. 26, 2022 | Mar. 31, 2023 | Dec. 31, 2022
--- | --- | --- | ---
Tangible assets acquired and liabilities assumed: |  |  |
Goodwill |  | $ 515,591 | $ 515,591
Business Combination Agreement |  |  |
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 non-controlling interest | $ 198,691 |  |

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