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This excerpt taken from the EBAY 10-K filed Feb 28, 2007. International
Classifieds Websites
During the second quarter of 2005, we announced our acquisitions
of three international classifieds websites, Gumtree.com, LoQUo,
and opusforum, which operate in select international cities.
These acquisitions were made to help us expand our global
network of classifieds websites and to create a more efficient
place for local consumers to come together online. The aggregate
purchase price recorded for these acquisitions was approximately
$81.6 million, including approximately $1.3 million in
estimated acquisition-related expenses. We accounted for two of
these acquisitions as non-taxable and one as a taxable purchase
transaction and, accordingly, the purchase price for each
acquisition has been allocated to the tangible and intangible
assets acquired and liabilities assumed on the basis of their
respective estimated fair values on the applicable acquisition
date.
The estimated useful economic lives of the identifiable
intangible assets acquired in these acquisitions are five years
for both the trade names and for the customer lists.
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