TransUnion

2. Business Acquisitions

Verisk Financial Services

On April 8, 2022, we completed our acquisition of Verisk Financial Services (“VF”), the financial services business unit of Verisk Analytics, Inc. (“Verisk”). We acquired 100% of the outstanding equity interest of the entities that comprise VF for $505.7 million in cash, including a decrease of $2.3 million recorded subsequent to the acquisition date for certain customary purchase price adjustments. We retained the leading core businesses of Argus, and identified several non-core businesses that we classified as held-for-sale as of the acquisition date that we subsequently divested. See Note 3, “Discontinued Operations,” for a further discussion.

We engaged in business activities with VF prior to the acquisition that were not material. The results of operations of Argus subsequent to the acquisition date are included in the U.S. Markets segment, including revenue of $71.5 million and net income of $2.8 million in 2022.

The purchase price allocated to total assets acquired was $576.7 million, which consisted ofgoodwill of $167.2 million, intangible assets of $195.0 million, current and non-current assets of discontinued operations of $143.4 million and $71.1 million of other current and long-term assets of continuing operations. The purchase price allocated to total liabilities was $71.0 million, which consisted of deferred tax liabilities of $39.8 million, other current and long-term liabilities of continuing operations of $22.8 million, and current and long-term liabilities of discontinued operations of $8.4 million.