SAN JOSE, Calif. & BERLIN--(BUSINESS WIRE)--
eBay
Inc. (Nasdaq: EBAY) today announced it completed its previously
announced acquisition of brands4friends,
Germany's largest online shopping club for fashion and lifestyle.
In accordance with the terms of the acquisition agreement announced on
Dec. 20, 2010, eBay
acquired brands4friends for a transaction value of approximately
US$200 million (EUR150 million) in cash.
About eBay
Founded in 1995 in San Jose, Calif., eBay Inc. (NASDAQ:EBAY) connects
hundreds of millions of buyers and sellers globally on a daily basis
through eBay, the world's largest online marketplace, and PayPal, which
enables individuals and businesses to securely, easily and quickly send
and receive online payments. We also reach millions through specialized
marketplaces such as StubHub, the world's largest ticket marketplace,
and eBay Classifieds sites, which together have a presence in more than
1,000 cities around the world. For more information about the company
and our global portfolio of online brands, visit www.ebayinc.com.
About brands4friends
brands4friends.de is Germany's largest online shopping club with
approximately 3.5 million registered club members, who are on average 32
years old. brands4friends.de is one of the fastest growing ecommerce
communities worldwide, with successful international operations in
Austria, the U.K. and Japan. With a total of 3.5 million members in
Germany, brands4friends.de sells high-quality goods from renowned
fashion and lifestyle brands at significantly reduced prices exclusively
to its members. brands4friends.de presents limited special offers on a
daily basis of high-quality products from more than 600 manufacturers,
representing both overstocks from current collections as well as "off
season" goods and special collections. brands4friends.de went online in
September 2007 and currently employs 200 people at its headquarters in
the center of Berlin. The company's Chief Executive Officer is Sergio
Dias. Operated by Private Sale GmbH, brands4friends.de has already been
awarded numerous distinctions.
eBay U.S. Press Hotline
408-376-7458
press@ebay.com
or
eBay
Germany Press Hotline
+49 (0)30-80 19 51 61
presse@ebay.de
or
brands4friends
+49
(0)30-72 61 94 83 8
cg@brands4friends.de
Source: eBay Inc.
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