v3.24.0.1
Merger - Fair Value of the Assets Acquired and Liabilities Assumed (Details) - USD ($)
$ in Thousands
12 Months Ended
Jan. 26, 2022
Dec. 31, 2023
Dec. 31, 2022
Tangible assets acquired and liabilities assumed:      
Goodwill $ 0 $ 82,407 $ 82,407
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 (145,032)    
Other liabilities (8,474)    
Total tangible assets acquired and liabilities assumed (339,497)    
Goodwill 827,696    
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    
Business Combination Agreement | Trademarks      
Tangible assets acquired and liabilities assumed:      
Intangible assets 246,400    
Consideration:      
Weighted average useful life (in years)   10 years  
Business Combination Agreement | Customer relationships      
Tangible assets acquired and liabilities assumed:      
Intangible assets 119,700    
Consideration:      
Weighted average useful life (in years)   4 years  
Business Combination Agreement | Technology      
Tangible assets acquired and liabilities assumed:      
Intangible assets $ 196,000    
Consideration:      
Weighted average useful life (in years)   4 years