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This excerpt taken from the EBAY 10-K filed Feb 17, 2010. StubHub, Inc. On February 13, 2007, we acquired all of the outstanding shares of StubHub, Inc. (“StubHub”) for a total purchase price of $292.4 million. Our allocation of the purchase price is summarized below (in thousands):
Purchased identifiable intangible assets are amortized on a straight-line basis over the respective useful lives. Our estimated useful lives of the identifiable intangible assets acquired are three years for the trade name and developed technology and five years for the user base. The results of operations of StubHub 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. StubHub,
Inc.
On February 13, 2007, we acquired all of the outstanding
shares of StubHub, Inc. (“StubHub”) for a total
purchase price of $292.4 million. The purchase price was
comprised of cash totaling $283.2 million,
$1.1 million in estimated acquisition-related expenses and
the assumption of StubHub’s outstanding common stock
options, valued
Table of Contents
eBay
Inc.
NOTES TO
CONSOLIDATED FINANCIAL
STATEMENTS — (Continued)
at approximately $8.1 million. The fair value of StubHub
stock options assumed was determined using a Black-Scholes
model. StubHub is an online marketplace that facilitates the
resale of event tickets and is included within our Marketplaces
segment.
The purchase price was allocated to the tangible assets,
liabilities assumed, and identifiable intangible assets acquired
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 lives of the identifiable intangible assets
acquired are three years for the trade name and developed
technology and five years for the user base.
The results of operations of StubHub 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.
StubHub, Inc. On February 13, 2007, we acquired all of the outstanding shares of StubHub, Inc. (“StubHub”) for a total purchase price of $292.4 million. The purchase price was comprised of cash totaling $283.2 million, $1.1 million in estimated acquisition-related expenses and the assumption of StubHub’s outstanding common stock options, valued
Table of ContentseBay Inc. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued) at approximately $8.1 million. The fair value of StubHub stock options assumed was determined using a Black-Scholes model. StubHub is an online marketplace that facilitates the resale of event tickets and is included within our Marketplaces segment. The purchase price was allocated to the tangible assets, liabilities assumed, and identifiable intangible assets acquired 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 lives of the identifiable intangible assets acquired are three years for the trade name and developed technology and five years for the user base. The results of operations of StubHub 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 29, 2008. StubHub,
Inc.
On February 13, 2007, we acquired all of the outstanding
shares of StubHub, Inc. (“StubHub”) for a total
purchase price of $292.4 million. The purchase price was
comprised of cash totaling $283.2 million,
$1.1 million in estimated acquisition-related expenses and
the assumption of StubHub’s outstanding common stock
options, valued at approximately $8.1 million. The fair
value of StubHub stock options assumed was determined using a
Black-Scholes model. StubHub is an online marketplace that
facilitates the resale of event tickets and is included within
our Marketplaces segment.
We accounted for the acquisition as a taxable purchase
transaction and, accordingly, the purchase price has been
allocated to the tangible assets, liabilities assumed, and
identifiable intangible assets acquired 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 preliminary allocation of the
purchase price is summarized below (in thousands):
The estimated useful economic lives of the identifiable
intangible assets acquired are three years for the trade name
and developed technology and five years for the user base.
The results of operations for periods prior to our acquisition
of StubHub, were not material to our consolidated statement of
income and, accordingly, pro forma results of operations have
not been presented.
In 2006, we did not make any acquisitions with a total aggregate
purchase price in excess of $100 million.
In 2005, we acquired Rent.com, Shopping.com, Skype and
VeriSign’s payment gateway business for an aggregate
purchase price of approximately $4.1 billion, resulting in
goodwill of $3.4 billion and identifiable intangible assets
of $0.6 billion.
Table of Contents
eBay Inc.
NOTES TO CONSOLIDATED FINANCIAL
STATEMENTS — (Continued)
StubHub, Inc. On February 13, 2007, we acquired all of the outstanding shares of StubHub, Inc. (“StubHub”) for a total purchase price of $292.4 million. The purchase price was comprised of cash totaling $283.2 million, $1.1 million in estimated acquisition-related expenses and the assumption of StubHub’s outstanding common stock options, valued at approximately $8.1 million. The fair value of StubHub stock options assumed was determined using a Black-Scholes model. StubHub is an online marketplace that facilitates the resale of event tickets and is included within our Marketplaces segment. We accounted for the acquisition as a taxable purchase transaction and, accordingly, the purchase price has been allocated to the tangible assets, liabilities assumed, and identifiable intangible assets acquired 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 preliminary allocation of the purchase price is summarized below (in thousands):
The estimated useful economic lives of the identifiable intangible assets acquired are three years for the trade name and developed technology and five years for the user base. The results of operations for periods prior to our acquisition of StubHub, were not material to our consolidated statement of income and, accordingly, pro forma results of operations have not been presented. In 2006, we did not make any acquisitions with a total aggregate purchase price in excess of $100 million. In 2005, we acquired Rent.com, Shopping.com, Skype and VeriSign’s payment gateway business for an aggregate purchase price of approximately $4.1 billion, resulting in goodwill of $3.4 billion and identifiable intangible assets of $0.6 billion.
Table of ContentseBay Inc. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued) | EXCERPTS ON THIS PAGE:
RELATED TOPICS for EBAY: |
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