In accordance with the terms of the transaction as announced on January 26, 2004, eBay is acquiring all outstanding shares of mobile.de for approximately €121 million in cash, or approximately US$149 million, based on the March 31, 2004 exchange rate of €1.23 per US$1.00, plus acquisition costs.
As previously stated, eBay expects the acquisition to have a nominal impact on 2004 net revenues, and does not expect it to affect eBay's financial guidance relating to GAAP and pro forma diluted earnings per share for 2004 as issued in connection with its fourth quarter earnings release on January 21, 2004.
About mobile.de
Founded in 1996, mobile.de was one of the first websites in Germany dedicated to the buying and selling of automobiles and other vehicles through the classified advertising format online. Since then, it has grown into one of the leading websites of its kind in Germany with a growing audience among dealers and individuals.
About eBay
eBay is The World's Online Marketplace®. Founded in 1995, eBay created a powerful platform for the sale of goods and services by a passionate community of individuals and businesses. On any given day, there are millions of items across thousands of categories for sale on eBay. eBay enables trade on a local, national and international basis with customized sites in markets around the world.
###
Forward-Looking Statements
This announcement contains forward-looking statements regarding the expected impact of the acquisition of mobile.de on eBay's revenues and earnings. Those statements involve risks and uncertainties, and actual results could differ materially from those discussed. Factors that could cause or contribute to such differences include, but are not limited to, the reaction of the users of mobile.de's services, the future growth of mobile.de's services, the reaction of competitors to the proposed transaction, and the possibility that integration following closing will prove more difficult than expected. More information about potential factors which could affect eBay's business and financial results is included in eBay's Annual Report on Form 10-K, which can be found on eBay's investor relations website at http://investor.ebay.com. All forward-looking statements are based on information available to eBay on the date hereof, and eBay assumes no obligation to update such statements.
