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This excerpt taken from the EBAY 10-Q filed Apr 28, 2009. Note 11 — Subsequent Events On April 15, 2009 in the United States (and April 16, 2009 in Korea), we entered into a definitive agreement to acquire Gmarket Inc. The definitive agreement provides that we will make a cash tender offer of $24.00 per share for all outstanding Gmarket common shares and American Depositary Shares, for a total purchase price of up to approximately $1.2 billion assuming all outstanding Gmarket shares are tendered. In addition, we agreed to purchase 23.1 million newly-issued common shares from Gmarket for a per share price of $24.00, or an aggregate amount of $555.1 million in cash. Concurrently we entered into a separate agreement with Gmarket providing for the purchase by Gmarket of all of the shares of Internet Auction Co., Ltd., a subsidiary of eBay, currently held by eBay for an aggregate amount equal to $555.1 million in cash. The transaction is expected to be completed by the end of the second quarter of 2009.
This excerpt taken from the EBAY 10-K filed Feb 28, 2007. Note 14 —
Subsequent Events:
During January 2007, eBay’s Board of Director’s
authorized the expansion of the share repurchase program to
provide for the repurchase of up to an additional
$2.0 billion of eBay’s common stock within the next
two years. See discussion of our stock repurchase program at
“Note 11 — Common Stock.”
On February 13, 2007, we completed the acquisition of
StubHub, an online marketplace for the resale of event tickets,
for a total purchase price of approximately $307 million,
which included StubHub’s net cash at the time of closing of
$21 million. Under the purchase method of accounting, the
total purchase price will be allocated to the tangible and
identifiable intangible assets acquired and liabilities assumed
based on their estimated fair values.
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