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