eBay 2013 Annual Report Download - page 114

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Pro forma financial information
The unaudited pro forma financial information in the table below summarizes the combined results of our operations and those of GSI for
the periods shown as though the acquisition of GSI and the sale of the divested businesses had occurred as of the beginning of fiscal year 2010.
The pro forma financial information for the periods presented includes the business combination accounting effects of the acquisition, including
amortization charges from acquired intangible assets. The pro forma financial information as presented below is for informational purposes only,
is subject to a number of estimates, assumptions and other uncertainties, and is not indicative of the results of operations that would have been
achieved if the acquisition and divestiture had taken place at January 1, 2011. The unaudited pro forma financial information is as follows (no
pro forma information is presented for 2013 or 2012 as GSI is included in the consolidated results of operations for the full year):
brands4friends
In the first quarter of 2011, we acquired brands4friends, an online shopping club for fashion and lifestyle in Germany, for total cash
consideration of approximately $193 million . This company is included in our Marketplaces segment. Our consolidated financial statements
include the operating results of brands4friends from the date of acquisition. Pro forma results of operations have not been presented because the
effect of the acquisition was not material to our consolidated results of operations.
GittiGidiyor
In the second quarter of 2011, we acquired additional shares of GittiGidiyor, an online marketplace in Turkey. We previously held a non-
controlling interest in GittiGidiyor, and following the completion of the acquisition of these additional shares, we own approximately 93%
of the
outstanding shares of GittiGidiyor. The following table summarizes the purchase consideration (in millions):
This company is included in our Marketplaces segment. As a result of obtaining control over GittiGidiyor, our previously held 10%
interest
was remeasured to fair value, which resulted in a gain of $17 million
. The gain has been recognized in interest and other, net in our consolidated
statement of income. We recorded the remaining non-controlling interest in additional paid-in capital in our consolidated balance sheet as the
amount is not significant. Our consolidated financial statements include the operating results of GittiGidiyor from the date of acquisition. Pro
forma results of operations have not been presented because the effect of the acquisition was not material to our consolidated results of
operations.
Zong
Zong is a provider of payment services through mobile carrier billing. We completed the acquisition of Zong on August 11, 2011 , for total
cash consideration of approximately $232 million . The business is included in our Payments segment. Our consolidated financial statements
include the operating results of Zong from the date of acquisition. Pro forma results of operations have not been presented because the effect of
the acquisition was not material to our consolidated results of operations.
F-17
Year Ended December 31, 2011
(In millions, except per share amounts)
Total revenues
$
12,038
Net income
3,169
Basic earnings per share
2.45
Diluted earnings per share
$
2.41
Cash paid
$
182
Fair value of non-controlling interest
31
Fair value of previously held equity interest
22
Total purchase consideration
$
235