BUSINESS COMBINATIONS (Tables)

12 Months Ended

Dec. 31, 2022

Business Combination and Asset Acquisition [Abstract]

Schedule of Assets Acquired and Liabilities Assumed Recognized at the Acquisition Date

The following table summarizes the consideration paid for WonderBlocks and the amounts of the assets acquired and liabilities assumed recognized at the acquisition date:

Consideration:	August 2, 2022
Cash consideration	$	945
Note receivable plus accrued interest conversion	1,055
Contingent consideration	1,564
Total consideration transferred	$	3,564
Identifiable assets acquired and liabilities assumed:
Developed technology (weighted-average useful life of 5 years)	2,403
Liabilities assumed	$	(15)
Total identifiable net assets	$	2,388
Goodwill	$	1,176

The following table summarizes the consideration paid for Brainium and the amounts of the assets acquired and liabilities assumed recognized at the acquisition date:

Consideration:	October 12, 2022
Cash consideration	$	73,457
Contingent consideration	1,797
Total consideration transferred	$	75,254
Identifiable assets acquired and liabilities assumed:
Cash and cash equivalents	$	3,738
Accounts receivable	3,190
Property and equipment	4,042
Operating lease assets	4,195
Trade names (weighted-average useful life of 10 years)	1,500
Developed technology (weighted-average useful life of 5 years)	12,600
Customer relationships (weighted-average useful life of 5 years)	12,000
Other assets	740
Liabilities assumed	(7,649)
Total identifiable net assets	$	34,356
Goodwill	$	40,898

Schedule Of Reverse Recapitalization

The aggregate consideration for the Acies Merger was approximately $1,041.0 million, payable in the form of the Company's Class A and Class B common stock and cash. The following table summarizes the merger consideration (in thousands, except per share information):

	Consideration
Cash consideration	$	102,020
Shares transferred at closing(1)	86,838
Value per share	$	10.00
Share consideration	$	868,380
Total consideration	$	970,400
Shares of common stock underlying vested options	7,060
Value per share	$	10.00
Total consideration for vested options	70,600
Aggregate consideration	$	1,041,000

(1)Excludes shares of common stock underlying stock options that are vested but unexercised as of the closing date of the Acies Merger. Since the shares do not represent legally outstanding shares of common stock at closing, they are excluded from the total consideration amount.

The following table reconciles the elements of the Acies Merger to the Consolidated Statements of Cash Flows for the year ended December 31, 2021:

Cash - Acies Trust and cash (net of redemptions)	$	101,965
Cash - PIPE	230,000
Less: Cash consideration	(102,020)
Less: Transaction costs, net of proceeds received from exercises of Old PLAYSTUDIOS' warrants	(44,775)
Net Acies Merger and PIPE Financing	$	185,170