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Acquisition and Disposition (Tables) | 9 Months Ended
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Sep. 30, 2021
Acquisition and Disposition |
Schedule of fair value of business acquisition consideration | ​
​ | ​ | ​ | ​
Fair value of common stock issued(1) |  | $ | 24,064
Working capital adjustments | ​ | ​ | (490)
Total consideration |  | $ | 23,574
(1) — represents 8,625,234 shares of BuzzFeed common stock issued at a value of $2.79 per share. The fair value per share was determined using Level 3 inputs using a combination of a market approach based on guideline public companies and an income approach based on estimated discounted cash flows.
Schedule of fair value of identifiable assets acquired and liabilities | ​
​ | ​ | ​ | ​
Cash and cash equivalents |  | $ | 5,513
Accounts receivable | ​ | ​ | 3,383
Prepaid and other current assets | ​ | ​ | 611
Deferred tax assets | ​ | ​ | 116
Property and equipment | ​ | ​ | 620
Intangible assets | ​ | ​ | 19,500
Goodwill | ​ | ​ | 5,927
Accounts payable | ​ | ​ | (1,410)
Accrued expenses and other current liabilities | ​ | ​ | (4,249)
Deferred tax liabilities | ​ | ​ | (4,251)
Other liabilities | ​ | ​ | (63)
Noncontrolling interests | ​ | ​ | (2,123)
Total consideration for HuffPost |  | $ | 23,574

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- Definition Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1486-128463 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + 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=123413009&loc=d3e4845-128472 + Details
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