eBay Acquires Germany's Leading Online Person-to-Person Trading Site - alando.de AG

Jun 22, 1999, 01:00 ET from eBay Inc.

    BERLIN and SAN JOSE, Calif., June 22 /PRNewswire/ -- eBay (R)
 (Nasdaq:   EBAY) (www.ebay.com), the world's leading person-to-person online
 trading community, today announced the acquisition of alando.de AG
 (www.alando.de) -- Germany's largest online trading company.
     (Photo:  http://www.newscom.com/cgi-bin/prnh/19990423/EBAYLOGO )
     "alando.de and eBay share a common goal of bringing the best online
 trading experience to the Internet," said Pierre Omidyar, eBay's founder and
 chairman. "The acquisition of alando.de will accelerate eBay's vision of
 creating a passionate, vibrant and loyal global trading community and we look
 forward to building an outstanding site for Germany's 10 million Internet
     "Although alando.de has quickly established itself as Germany's leading
 online trading company, the prospect of joining up with a global partner as
 successful as eBay was just too exciting," said Alexander Samwer, co-founder
 and spokesman for alando.de. "Together the alando.de and eBay team will
 provide the German Internet community with a truly great service."
     alando.de's venture capital firm, Wellington Venture Partners, welcomed
 the acquisition.
     "This is a great opportunity for alando.de to build on its lead in the
 German market," said Frank Boehnke, managing director at Wellington Venture
     Since its launch in March 1999, alando.de has established itself as
 Germany's leading online person-to-person trading company, with more than
 500 categories, over 80,000 listed items and more than 50,000 registered
 members. alando.de will continue to operate under its current URL
 (www.alando.de) and company name until later this year when it will transition
 to a new web address (www.ebay.de), giving German users access to eBay's
 worldwide community of active buyers and sellers.
     Details of the acquisition were not disclosed. eBay expects that the
 transaction will be dilutive during the remainder of 1999 and eBay may
 recognize certain one-time expenses related to the transaction in the second
     eBay (www.ebay.com), the world's personal trading community(TM), pioneered
 person-to-person online trading. Founded in 1995, eBay has developed an
 efficient and entertaining trading site in an auction format on the Web that
 is available 24 hours a day, 7 days a week. eBay has more than 3.8 million
 registered users. Currently, there are over 2.2 million items listed for sale.
 More than 250,000 new items are added daily, in more than 1,600 categories,
 including:  antiques; books, movies, and music; coins and stamps;
 collectibles; computers; dolls and figures; jewelry and gemstones; photo and
 electronics; pottery and glass; sports memorabilia; and toys.
     Statements in this press release that relate to future plans, objectives,
 expectations, performance, events and the like are "forward-looking
 statements" within the meaning of the Private Securities Litigation Reform Act
 of 1995 and the Securities Exchange Act of 1934. Future events, risks and
 uncertainties, individually or in the aggregate, could cause actual results to
 differ materially from those expressed or implied in these statements. Those
 factors include eBay's ability to integrate this acquisition, uncertainties
 related to operating a person-to-person trading site under the laws of foreign
 jurisdictions and other factors discussed in the "forward-looking information"
 or "risk factors" sections included in the companies' prospectuses, quarterly
 reports on Form 10-Q, and annual reports on Form 10-K.

SOURCE eBay Inc.