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SEC Filings

425
FIDELITY NATIONAL INFORMATION SERVICES, INC. filed this Form 425 on 05/13/2019
Entire Document
 


Worldpay, Inc.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)

 

The acquisition was accounted for as a business combination under ASC 805. The purchase price was allocated to the assets acquired and the liabilities assumed based on the estimated fair value at the date of acquisition. The excess of the purchase price over the fair value of the net assets acquired was allocated to goodwill, of which approximately $7.8 million is deductible for tax purposes. Goodwill, assigned to Technology Solutions, consists primarily of the acquired workforce and growth opportunities, none of which qualify as an intangible asset. The final purchase price allocation is as follows (in millions):

 

Cash acquired

   $ 11.9  

Current assets

     6.5  

Property, equipment and software

     92.1  

Intangible assets

     47.8  

Goodwill

     433.8  

Other assets

     0.1  

Current liabilities

     (18.3

Deferred tax liability

     (22.0

Non-current liabilities

     (8.5
  

 

 

 

Total purchase price

   $ 543.4  
  

 

 

 

 

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