Table of Contents
Acquisitions & Dispositions
Summary of Our Acquisitions
Total Value of
Transactions
Company or Assets
Date Closed
Accounting Method
(in thousands)
eCash Technologies, Inc.
02/08/2002
Asset Purchase
$
4,600
Giant Bear, Inc.
12/19/2001
Purchase
$
6,000
Excite.com
11/28/2001
Asset Purchase
$
6,700
Locus Dialogue Inc.
01/01/2001
Purchase
$ 112,900
The boxLot Company
12/07/2000
Asset Purchase
$
8,900
Go2Net, Inc
10/12/2000
Pooling of interests
iJapan technology
09/13/2000
Asset Purchase
$
2,000
TDLI.com Limited
08/31/2000
Purchase
$ 116,500
Orchest, Inc.
08/04/2000
Purchase
$
7,900
IQorder.com, Inc.
07/03/2000
Purchase
$
65,800
Millet Software, Inc.
03/31/2000
Purchase
$
29,700
Saraide, Inc.
03/10/2000
Purchase
$ 347,000
Prio, Inc.
02/15/2000
Pooling of interests
Zephyr Software, Inc.
12/29/1999
Purchase
$
8,600
eComLive.com, Inc.
12/16/1999
Purchase
$
32,000
FreeYellow.com, Inc.
10/27/1999
Purchase
$
20,000
Union Street.com, Inc.
10/14/1999
Purchase
$
20,500
INEX Corporation
10/14/1999
Pooling of interests
Dogpile, LLC
08/04/1999
Purchase
$
52,000
Authorize.Net Corporation
07/01/1999
Purchase
$
98,600
MyAgent technology
06/30/1999
Asset Purchase
$
18,000
IQC Corporation
05/13/1999
Purchase
$
20,000
Virtual Avenue
04/28/1999
Purchase
$
24,700
Haggle Online, Inc.
04/16/1999
Purchase
$
6,800
eCash Technologies, Inc.
On February 8, 2002, we acquired substantially all of the technology and intellectual property of eCash
Technologies, Inc., a developer of electronic debit and stored value technologies, for purchase consideration of $2.7 million and 1,064,815
shares of our common stock.
GiantBear, Inc.
On December 19, 2001, we acquired substantially all of the assets of GiantBear, Inc., a wireless technology and service
provider that enables wireless carriers to offer their subscribers access to content, data and mobile commerce through wireless devices, delivery
channels and applications, for purchase consideration of $6.0 million, which includes acquisition expenses of $21,000. We recorded $2.5
million of goodwill, $1.9 million of core technology and $700,000 for customer lists as a result of this transaction. The core technology and
customer lists will be amortized over a five year period. The goodwill will not be amortized, in accordance with SFAS 142, but instead will be
reviewed for impairment and written down and charged to results of operations only in the periods in which the recorded value of goodwill is
more than its fair value.
Excite.com .
On November 28, 2001, we acquired certain assets of the At Home Corporation. The acquired assets included certain
domain names, trademarks and user data associated with the Excite.com Web site. Total net consideration for the acquired assets was $6.7
million. Concurrently, we announced an Internet services agreement with iWon. Under the agreement, we agreed to power the search and
directory components of the Excite Web site. As we did not acquire all of the assets of the Excite portal, which was a component of the At
Home Corporation, and we have licensed certain of the acquired assets to iWon, this acquisition was not classified as a purchase of a business.
We have determined that the acquired assets have a useful life of two years and will amortize them over this period.
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