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This excerpt taken from the EBAY 10-Q filed Oct 23, 2008. Acquisition
of Fraud Sciences Ltd.
On January 30, 2008, we acquired all of the outstanding
shares of Fraud Sciences Ltd. (“Fraud Sciences”) for a
total aggregate purchase price of approximately
$153.6 million. The purchase price consisted of cash
totaling $148.3 million, $0.9 million in estimated
acquisition-related expenses and the assumption of Fraud
Sciences’ outstanding common stock options, valued at
approximately $4.4 million. The fair value of Fraud
Sciences’ stock options that were assumed was determined
using a Black-Scholes model. Fraud Sciences provides online risk
tools and is included within our Payments segment. Fraud
Sciences is expected to enhance PayPal’s proprietary fraud
management systems and accelerate our development of next
generation fraud detection tools.
We accounted for the acquisition as a taxable purchase
transaction and, accordingly, the purchase price has been
allocated to the tangible assets, liabilities assumed and
identifiable intangible assets acquired based on their estimated
fair values on the acquisition date. The excess of the purchase
price over the aggregate fair values was recorded as goodwill.
The fair value assigned to identifiable intangible assets
acquired is determined using the income approach, which
discounts expected future cash flows to present value using
estimates and assumptions determined by management. Purchased
intangible assets are amortized on a straight-line basis over
the respective useful lives. Our preliminary allocation of the
purchase price is summarized below (in thousands):
The estimated useful economic life of the acquired developed
technology is two years. The allocation of the purchase price
for the acquisition has been prepared on a preliminary basis and
changes to that allocation may occur as additional information
becomes available.
The results of operations for the acquired business have been
included in our condensed consolidated statement of income for
the period subsequent to our acquisition of Fraud Sciences.
Fraud Sciences’ results of operations for periods prior to
this acquisition were not material to our condensed consolidated
statement of income and, accordingly, pro forma financial
information has not been presented.
This excerpt taken from the EBAY 10-Q filed Jul 24, 2008. Acquisition
of Fraud Sciences Ltd.
On January 30, 2008, we acquired all of the outstanding
shares of Fraud Sciences Ltd. (“Fraud Sciences”) for a
total aggregate purchase price of approximately
$153.6 million. The purchase price consisted of cash
totaling $148.3 million, $0.9 million in estimated
acquisition-related expenses and the assumption of Fraud
Sciences’ outstanding common stock options, valued at
approximately $4.4 million. The fair value of Fraud
Sciences’ stock options that were assumed was determined
using a Black-Scholes model. Fraud Sciences provides online risk
tools
Table of Contents
eBay
Inc.
NOTES TO
CONDENSED CONSOLIDATED FINANCIAL
STATEMENTS — (Continued)
and is included within our Payments segment. Fraud Sciences is
expected to enhance PayPal’s proprietary fraud management
systems and accelerate our development of next generation fraud
detection tools.
We accounted for the acquisition as a taxable purchase
transaction and, accordingly, the purchase price has been
allocated to the tangible assets, liabilities assumed and
identifiable intangible assets acquired based on their estimated
fair values on the acquisition date. The excess of the purchase
price over the aggregate fair values was recorded as goodwill.
The fair value assigned to identifiable intangible assets
acquired is determined using the income approach, which
discounts expected future cash flows to present value using
estimates and assumptions determined by management. Purchased
intangible assets are amortized on a straight-line basis over
the respective useful lives. Our preliminary allocation of the
purchase price is summarized below (in thousands):
The estimated useful economic life of the acquired developed
technology is two years. The allocation of the purchase price
for the acquisition has been prepared on a preliminary basis and
changes to that allocation may occur as additional information
becomes available.
The results of operations for the acquired business have been
included in our condensed consolidated statement of income for
the period subsequent to our acquisition of Fraud Sciences.
Fraud Sciences’ results of operations for periods prior to
this acquisition were not material to our condensed consolidated
statement of income and, accordingly, pro forma financial
information has not been presented.
This excerpt taken from the EBAY 10-Q filed Apr 24, 2008. Acquisition
of Fraud Sciences Ltd.
On January 30, 2008, we acquired all of the outstanding
shares of Fraud Sciences Ltd. (“Fraud Sciences”) for a
total aggregate purchase price of approximately
$153.6 million. The purchase price consisted of cash
totaling $148.3 million, $0.9 million in estimated
acquisition-related expenses and the assumption of Fraud
Sciences’ outstanding common stock options, valued at
approximately $4.4 million. The fair value of Fraud
Sciences’ stock options that were assumed was determined
using a Black-Scholes model. Fraud Sciences provides online risk
tools and is included within our Payments segment. Fraud
Sciences is expected to enhance PayPal’s proprietary fraud
management systems and accelerate our development of next
generation fraud detection tools.
We accounted for the acquisition as a taxable purchase
transaction and, accordingly, the purchase price has been
allocated to the tangible assets, liabilities assumed, and
identifiable intangible assets acquired based on their estimated
fair values on the acquisition date. The excess of the purchase
price over the aggregate fair values was
Table of Contents
eBay
Inc.
NOTES TO
CONDENSED CONSOLIDATED FINANCIAL
STATEMENTS — (Continued)
recorded as goodwill. The fair value assigned to identifiable
intangible assets acquired is determined using the income
approach, which discounts expected future cash flows to present
value using estimates and assumptions determined by management.
Purchased intangible assets are amortized on a straight-line
basis over the respective useful lives. Our preliminary
allocation of the purchase price is summarized below (in
thousands):
The estimated useful economic life of the acquired developed
technology is two years. The allocation of the purchase price
for the acquisition has been prepared on a preliminary basis and
changes to that allocation may occur as additional information
becomes available.
The results of operations for the acquired business have been
included in our condensed consolidated statement of income for
the period subsequent to our acquisition of Fraud Sciences.
Fraud Sciences’ results of operations for periods prior to
this acquisition were not material to our condensed consolidated
statement of income and, accordingly, pro forma financial
information has not been presented.
This excerpt taken from the EBAY 10-Q filed Apr 24, 2008. Acquisition
of Fraud Sciences Ltd.
On January 30, 2008, we acquired all of the outstanding
shares of Fraud Sciences Ltd. (“Fraud Sciences”) for a
total aggregate purchase price of approximately
$153.6 million. The purchase price consisted of cash
totaling $148.3 million, $0.9 million in estimated
acquisition-related expenses and the assumption of Fraud
Sciences’ outstanding common stock options, valued at
approximately $4.4 million. The fair value of Fraud
Sciences’ stock options that were assumed was determined
using a Black-Scholes model. Fraud Sciences provides online risk
tools and is included within our Payments segment. Fraud
Sciences is expected to enhance PayPal’s proprietary fraud
management systems and accelerate our development of next
generation fraud detection tools.
We accounted for the acquisition as a taxable purchase
transaction and, accordingly, the purchase price has been
allocated to the tangible assets, liabilities assumed, and
identifiable intangible assets acquired based on their estimated
fair values on the acquisition date. The excess of the purchase
price over the aggregate fair values was
Table of Contents
eBay
Inc.
NOTES TO
CONDENSED CONSOLIDATED FINANCIAL
STATEMENTS — (Continued)
recorded as goodwill. The fair value assigned to identifiable
intangible assets acquired is determined using the income
approach, which discounts expected future cash flows to present
value using estimates and assumptions determined by management.
Purchased intangible assets are amortized on a straight-line
basis over the respective useful lives. Our preliminary
allocation of the purchase price is summarized below (in
thousands):
The estimated useful economic life of the acquired developed
technology is two years. The allocation of the purchase price
for the acquisition has been prepared on a preliminary basis and
changes to that allocation may occur as additional information
becomes available.
The results of operations for the acquired business have been
included in our condensed consolidated statement of income for
the period subsequent to our acquisition of Fraud Sciences.
Fraud Sciences’ results of operations for periods prior to
this acquisition were not material to our condensed consolidated
statement of income and, accordingly, pro forma financial
information has not been presented.
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