v3.25.1
Business Combinations - Summary of Total Purchase Price Paid/Fair Value of Cash and Contingent Consideration Transferred (Detail) - USD ($)
$ in Thousands
Dec. 02, 2024
Jan. 10, 2024
Sep. 01, 2023
Sep. 01, 2022
Former TechTarget [Member]        
Business Acquisition [Line Items]        
Cash consideration $ 348,971 [1] $ 350,000    
Capital consideration [2] 592,707      
Replacement equity awards for Former TechTarget's equity awards [3] 9,771      
Total consideration $ 951,449      
Canalys Acquisition [Member]        
Business Acquisition [Line Items]        
Cash consideration     $ 52,606  
Capital consideration     5,000  
Contingent consideration     3,980  
Total consideration     $ 61,586  
Industry Dive [Member]        
Business Acquisition [Line Items]        
Cash consideration       $ 359,287
Total consideration       522,387
Industry Dive [Member] | 2023 Arrangement [Member]        
Business Acquisition [Line Items]        
Contingent consideration       53,300
Industry Dive [Member] | 2023-2025 Arrangement [Member]        
Business Acquisition [Line Items]        
Contingent consideration       $ 109,800
[1] Represents the total cash consideration paid to Former TechTarget stockholders.
[2] Represents the aggregate fair value of 29,802,846 shares of Informa TechTarget’s common stock that were issued to Former TechTarget shareholders (including certain equity award holders) as purchase consideration as of the Acquisition Date pursuant to the Transaction Agreement. Informa TechTarget’s common stock did not have a readily observable market price at close. Accordingly, Informa TechTarget derived the per share fair value of Informa TechTarget’s stock based on the Former TechTarget’s quoted share price of $31.54 on Nasdaq at the close of trading on December 2, 2024 less the per share cash consideration of approximately $11.70. Informa TechTarget determined that the value of the cash consideration was already reflected in the quoted share price of Former TechTarget shares at close.
[3] Represents consideration for replacement of Former TechTarget’s outstanding equity awards. In connection with the Merger, 949,300 Former TechTarget’s unvested restricted stock units (“RSUs”) were replaced by 1,492,858 Informa TechTarget’s RSUs with similar terms and conditions. The fair value of the RSU's was equal to the stock price of Former TechTarget's quoted share price of $31.54 on Nasdaq at the close of trading on December 2, 2024. The portion of the fair value of the replacement awards that will be recognized as compensation expense subsequent to the merger is $33.8 million.