eBay Acquires Afterbuy.com
San Jose, Calif., October 4, 2007 – eBay Inc. (Nasdaq: EBAY) today announced that it has acquired ViA-Online GmbH, a leading auction management software company in Germany that operates Afterbuy.com to enable professional trading on eBay.de and other online marketplaces. The acquisition enables eBay to expand service and support for its German sellers, while allowing Afterbuy to grow its business with the e-commerce expertise and resources of eBay. Afterbuy will continue to operate under its current brand name and will remain in Krefeld, Germany.
Afterbuy is an all-in-one online sales tool and covers all processes of the selling workflow: goods and inventory management, item listing, cross-selling and transaction and pre-sale management. Afterbuy can be connected to external services and business processes such as accounting software or shipping solutions of logistic services.
Further terms of the agreement were not disclosed. eBay does not expect this acquisition to have a material impact on its financial guidance issued in conjunction with its second quarter earnings release announced on July 18, 2007.
About ViA-Online GmbH
Located in Krefeld, Germany, ViA-Online GmbH is managed by its founders Alfons Denzler and Markus Walber. ViA-Online GmbH launched Afterbuy in 2002 and within a short period it became one of the leading suppliers of auction management software in Germany for professional trading on eBay and other online marketplaces.
About eBay Inc.
Founded in 1995, eBay Inc. connects hundreds of millions of people around the world every day, empowering them to explore new opportunities and innovate together. eBay Inc. does this by providing the Internet platforms of choice for global commerce, payments and communications. Since its inception, eBay Inc. has expanded to include some of the strongest brands in the world, including eBay, PayPal, Skype, Shopping.com, and others. eBay Inc. is headquartered in San Jose, California.
Forward-Looking Statements
This announcement contains forward-looking statements regarding eBay, ViA-Online GmbH and the expected impact of eBay's acquisition of ViA-Online GmbH on eBay's financial guidance. 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, risks associated with eBay's international operations, the reaction of competitors to the transaction, and the possibility that the expected benefits of the acquisition of ViA-Online GmbH may not materialize to the extent expected or at all. More information about potential factors that could impact eBay's business and financial results is included under the captions, "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations," in eBay's Annual Report on Form 10-K for the fiscal year ended December 31, 2006 and Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2007 which are on file with the U.S. Securities and Exchange Commission (the "SEC") and available at the SEC's website at www.sec.gov. All forward-looking statements are based on information available to eBay on the date hereof, and eBay assumes no obligation to update such statements.
