| Summary of Preliminary Allocation of the Purchase Price |
The table below outlines the allocation of the purchase price for the acquired identifiable assets and liabilities of Spotlight.Vegas resulting in goodwill: | | | | | | | Purchase price consideration: | | | Cash paid | 6,495 | | | Contingent consideration, at fair value | 904 | | | | | | | Total acquisition consideration | 7,399 | | | Assets acquired: | | | Cash and cash equivalents | 436 | | | Other non-current assets | 360 | | | Domain names and related websites | 1,550 | | | Acquired technology | 2,600 | | | Trade and other receivables | 40 | | | Right-of-use assets | 89 | | | Total assets acquired | 5,075 | | | Liabilities assumed: | | | Trade and other payables | (1,738) | | | Borrowings | (393) | | | Other non-current liability | (206) | | | Lease liability | (89) | | | Total liabilities assumed | (2,426) | | | Total net assets | 2,649 | | | Goodwill | 4,750 | | | Total acquisition consideration | 7,399 | |
The table below outlines the allocation of the purchase price for the acquired identifiable assets and liabilities of OddsJam resulting in goodwill: | | | | | | | Purchase price consideration: | | | Cash paid | 63,577 | | | Common shares issued, at fair value | 9,971 | | | Contingent and deferred consideration, at fair value | 24,771 | | | | | Total acquisition consideration | 98,319 | | | Assets acquired: | | | Cash and cash equivalents | 1,141 | | | Trade and other receivables | 1,091 | | | | | | | Domain names and related websites | 8,200 | | | | | Customer base | 26,100 | | | Acquired technology and Software | 23,500 | | | Indemnification asset | 792 | | | Deferred tax | 1,370 | | | Other current assets | 127 | | | Total assets acquired | 62,321 | | | Liabilities assumed: | | | Accounts payable and accrued expenses | (882) | | | Deferred income | (1,502) | | | Income tax | (1,646) | | | Deferred tax | (14,845) | | | | | Other indirect tax | (792) | | | Other current liabilities | (1,786) | | | Total liabilities assumed | (21,453) | | | Total net assets | 40,868 | | | Goodwill | 57,451 | | | Total acquisition consideration | 98,319 | |
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