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This excerpt taken from the EBAY 10-K filed Feb 17, 2010. 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. Our allocation of the purchase price is summarized below (in thousands):
Purchased intangible assets are amortized on a straight-line basis over the respective useful lives. Developed technology was determined to have a useful life of two years amortized on a straight-line basis. The results of operations of Fraud Sciences for periods prior to our acquisition were not material to our consolidated statement of income and, accordingly, pro forma results of operations have not been presented. These excerpts taken from the EBAY 10-K filed Feb 20, 2009. 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 assumed was determined using a
Black-Scholes model. Fraud Sciences provides online risk
management tools and is included within our Payments segment.
The rationale for acquiring Fraud Sciences is to enhance
PayPal’s proprietary fraud management systems and
accelerate our development of next generation fraud detection
tools.
The purchase price was allocated to the tangible assets and
intangible assets acquired and liabilities assumed 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 allocation of the
purchase price is summarized below (in thousands):
Our estimated useful life of the identifiable intangible assets
is two years for the developed technology.
The results of operations of Fraud Sciences for periods prior to
our acquisition were not material to our consolidated statement
of income and, accordingly, pro forma results of operations have
not been presented.
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 assumed was determined using a Black-Scholes model. Fraud Sciences provides online risk management tools and is included within our Payments segment. The rationale for acquiring Fraud Sciences is to enhance PayPal’s proprietary fraud management systems and accelerate our development of next generation fraud detection tools. The purchase price was allocated to the tangible assets and intangible assets acquired and liabilities assumed 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 allocation of the purchase price is summarized below (in thousands):
Our estimated useful life of the identifiable intangible assets is two years for the developed technology. The results of operations of Fraud Sciences for periods prior to our acquisition were not material to our consolidated statement of income and, accordingly, pro forma results of operations have not been presented. | EXCERPTS ON THIS PAGE:
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