M&A - Fiverr International Ltd.
Form Type: 20-F
Filing Date: 2025-02-19
Corporate Action: Acquisition
Type: New
Accession Number: 000117891325000559
Filing Summary: Fiverr International Ltd. has reported in its annual filing for the fiscal year ended December 31, 2024, about its recent acquisitions. The company acquired Praetolia Limited and AutoDS, both of which were consolidated into Fiverr's financial statements starting from their acquisition dates. The total acquisition expenses incurred during the year reached approximately $476, attributed to general and administrative costs. Fair value assessments for identifiable intangible assets, including users' relationships, technology, trademarks, talent relationships, and customer relationships, were conducted using recognized valuation methods. Goodwill stemming from these business combinations is primarily linked to the synergies expected between Fiverr and the acquired businesses, and it is not tax-deductible. Despite the acquisitions, the financial performance of the acquired entities remains immaterial to Fiverr's overall consolidated financial statements, which is why pro forma results post-acquisition were not provided. The filing emphasizes Fiverr's commitment to bolstering its marketplace through strategic acquisitions aimed at enhancing service offerings and broadening its market reach.
Document Link: View Document
Additional details:
Acquisition Expenses: 476
Goodwill Attributes: synergies between Fiverr and acquired businesses
Fair Value Methods: With-and-Without Method, income approach method, relief from royalty method, Multi-period Excess Earning Method
Total Assumed Liabilities: accounts payable, deferred income tax liabilities, net and other liabilities
Acquired Entities: Praetolia Limited, AutoDS
Materiality Of Acquisitions: not material to the Company's consolidated statements of operations
Comments
No comments yet. Be the first to comment!