This excerpt taken from the EBAY 10-K filed Feb 28, 2007.
VeriSigns Payment Gateway Business
On November 18, 2005, we acquired VeriSigns payment gateway business for a purchase price of approximately $373.8 million, consisting of $370.0 million in cash and $3.8 million in estimated acquisition-related expenses. The payment gateway is a real-time, scalable Internet payment platform that allows merchants to authorize, process and manage online payments. Additionally, we have signed a multi-year security technology agreement with VeriSign, Inc. that calls for us to invest in the deployment of its technologies that enable and better
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
protect online transactions, including the purchase of up to one million two-factor authentication tokens that we will distribute to our customers.
We accounted for the acquisition as a taxable purchase transaction and, accordingly, the purchase price has been allocated to the tangible and intangible assets acquired and liabilities assumed on the basis of their respective estimated fair values on the acquisition date. The estimated useful economic lives of the identifiable intangible assets acquired in the acquisition are five years for registered user base and existing technology and one year for the trade names.