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
"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.