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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.
Table of Contents
eBay
Inc.
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.com’s 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.
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