eBay 2005 Annual Report Download - page 97

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eBay Inc.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS Ì (Continued)
mobile.de Acquisition
On April 1, 2004, we acquired a 100% interest in mobile.de for a cash purchase price of approximately
4121 million. mobile.de is a classifieds advertising website for vehicles in Germany. The total purchase price
recorded was approximately $152 million, including approximately $3 million in estimated acquisition-related
expenses. We accounted for the acquisition as a 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 mobile.de
acquisition are eight years for the user base, two years for the developed technology and two years for the trade
name.
Baazee.com Acquisition
On August 2, 2004, we acquired a 100% interest in Baazee.com for a cash purchase price of
approximately $50 million. Baazee.com is an online marketplace in India. Through this acquisition, we have
established eBay in India and will open our global online marketplaces to Baazee.com's strong and growing
community. The total purchase price recorded was approximately $50 million, including $1 million in
estimated acquisition-related expenses. We accounted for the acquisition as a 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 Baazee.com
acquisition are three years for the noncompete agreement, three years for the user base, one year for the trade
name, and one year for the developed technology.
Marktplaats.nl Acquisition
On November 10, 2004, we acquired a 100% interest in Marktplaats.nl for a cash purchase price of
approximately 4226 million. The total purchase price recorded was approximately $291 million. Markt-
plaats.nl is an online classifieds website in the Netherlands. The acquisition allows us to expand our
e-commerce position in the Netherlands while adding to our growing knowledge of classifieds-style commerce.
The total purchase price recorded was approximately $291.4 million, including approximately $2.0 million in
estimated acquisition-related expenses. We accounted for the acquisition as a 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 Marktplaats.nl
acquisition are five years for the trade name and eighteen months for the developed technology.
Internet Auction Co., Ltd.
On December 17, 2003, we increased our majority interest of Internet Auction Co., Ltd., (""IAC'' or
""Internet Auction''), from approximately 51% to approximately 62% by the settlement of our tender offer for
approximately 1.6 million shares. The total cash consideration for these additional shares was approximately
$93.9 million, which includes approximately $2.2 million in estimated acquisition-related expenses. Internet
Auction introduced online trading in South Korea when it launched in April 1998. Shares of Internet Auction
were listed on the KOSDAQ. Prior to the fourth quarter of 2003, we consolidated our original investment in
IAC's common shares and recorded the minority investor's percentage share of income or losses in minority
interests in our consolidated statement of income.
93