This excerpt taken from the EBAY 10-Q filed Jul 28, 2006.
Acquisition of Tradera.com
On April 24, 2006, we acquired all of the outstanding equity securities of Tradera.com, an online auction-style marketplace in Sweden for a total purchase price of approximately $52.3 million, including approximately $0.6 million in estimated acquisition-related expenses. This acquisition allows us to expand our online auction-style marketplace in Sweden to bring more online trading opportunities to Swedish buyers and sellers. We accounted for the acquisition as a taxable purchase transaction, and accordingly, the purchase price has been allocated to the tangible and intangible assets acquired and liabilities assumed on the basis of their respective estimated fair values on the acquisition date.
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Continued)
Our preliminary allocation of the purchase price is summarized below (in thousands):
The estimated useful economic lives on the identifiable intangible assets acquired in the acquisition are four years for user base and one year for developed technology and trade name. The final purchase price allocation will depend upon the completion of our integration plan.
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 Tradera.com. Tradera.coms results of operations for periods prior to this acquisition were not material to our condensed consolidated statement of income and, accordingly, pro forma results of operations have not been presented.