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This excerpt taken from the EBAY 10-Q filed Oct 29, 2007. Long-term
investments
Effective during the three months ended September 30, 2007,
we began to account for our investment in MercadoLibre as an
available-for-sale marketable security due to
MercadoLibre’s initial public offering of its common stock
in August of 2007. Our investment is reported at fair value of
$294.7 million as of September 30, 2007, as a
long-term investment with unrealized gains, net of tax, excluded
from earnings and reported as a component of accumulated other
comprehensive income.
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