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This excerpt taken from the EBAY 10-Q filed Oct 29, 2007. Acquisition
of StubHub, Inc.
On February 13, 2007, we acquired all of the outstanding
shares of StubHub, Inc. (“StubHub”) for a total
purchase price of $292.4 million. The purchase price was
comprised of cash totaling $283.2 million,
$1.1 million in estimated acquisition-related expenses and
the assumption of StubHub’s outstanding common stock
options, valued at approximately $8.1 million. The fair
value of StubHub stock options assumed was determined using a
Black-Scholes model. StubHub is an online marketplace that
facilitates the resale of event tickets and is included within
our Marketplaces segment.
Table of Contents
eBay
Inc.
NOTES TO
CONDENSED CONSOLIDATED FINANCIAL
STATEMENTS — (Continued)
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 lives of the identifiable
intangible assets acquired are three years for the trade name
and developed technology and five years for the user base. The
final purchase price allocation will depend upon the completion
of our integration plan by the end of the first quarter of 2008,
although we do not expect it to differ materially from the above
amounts.
The results of operations for the acquired business have been
included in our condensed consolidated statement of income
(loss) for the period subsequent to our acquisition of StubHub.
StubHub’s results of operations for periods prior to this
acquisition were not material to our condensed consolidated
statement of income (loss) and, accordingly, pro forma financial
information has not been presented.
This excerpt taken from the EBAY 10-Q filed Jul 27, 2007. Acquisition
of StubHub, Inc.
On February 13, 2007, we acquired all of the outstanding
shares of StubHub, Inc. (“StubHub”) for a total
purchase price of $292.4 million. The purchase price was
comprised of cash totaling $283.2 million,
$1.1 million in estimated acquisition-related expenses and
the assumption of StubHub’s outstanding common stock
options, valued at approximately $8.1 million. The fair
value of StubHub stock options assumed was determined using a
Black-Scholes
model. StubHub is an online marketplace that facilitates the
resale of event tickets and is included within our Marketplaces
segment.
Table of Contents
eBay
Inc.
NOTES TO
CONDENSED CONSOLIDATED FINANCIAL
STATEMENTS — (Continued)
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 lives of the identifiable
intangible assets acquired are three years for the trade name
and developed technology and five years for the user base. The
final purchase price allocation will depend upon the completion
of our integration plan by the end of the first quarter of 2008.
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 StubHub.
StubHub’s 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 25, 2007. Acquisition
of StubHub, Inc.
On February 13, 2007, we acquired all of the outstanding
shares of StubHub, Inc. (“StubHub”) for a total
purchase price of $292.4 million. The purchase price was
comprised of cash totaling $283.2 million,
$1.1 million in estimated acquisition-related expenses and
the assumption of StubHub’s outstanding common stock
options, valued at approximately $8.1 million. The fair
value of StubHub stock options assumed was determined using a
Black-Scholes model. StubHub is an online marketplace that
facilitates the resale of event tickets and is included within
our Marketplaces segment. We believe StubHub will improve our
performance in the U.S. online secondary tickets market
because of StubHub’s superior user experience.
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
Table of Contents
eBay
Inc.
NOTES TO
CONDENSED CONSOLIDATED FINANCIAL
STATEMENTS — (Continued)
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 lives of the identifiable
intangible assets acquired are three years for the trade name
and developed technology and five years for the user base. The
final purchase price allocation will depend upon the completion
of our integration plan by the end of the first quarter of 2008.
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 StubHub.
StubHub’s 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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