Table of Contents 
INFOSPACE, INC. 
  
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued) 
  
Years Ended December 31, 2001, 2000 and 1999 
  
The purchase price was allocated to the assets and liabilities assumed based on their estimated fair market values as follows:  
  
  
     
(in thousands) 
  
Tangible assets acquired 
     
$ 
3   
Liabilities assumed 
     
  
(394 ) 
  
     
Net book value of net liabilities assumed 
     
$ 
(391 ) 
  
     
Purchase price: 
        
  
  
Fair value of shares issued 
     
$ 
7,897   
Net book value of net liabilities assumed 
     
  
391   
Acquisition costs 
     
  
72   
  
     
Excess of purchase price over net assets acquired, allocated to goodwill 
     
$ 
8,360   
  
     
  
IQorder.com, Inc.: 
    On July 3, 2000, the Company acquired all of the common stock of IQorder.com for purchase consideration of 
989,959 shares of the Company's common stock and acquisition expenses of $132,000. The valuation of the shares issued of $55.82 per share 
was based on the seven day stock price average for the period including the date of acquisition and the three days before and after the date of 
acquisition. The Company recorded a one time charge of $6.0 million for in process research and development. IQorder was a privately held 
company that developed technology that allows consumers to enter in a model number, UPC code, part number, barcode or ISBN in order to 
locate a product, compare prices and make an instant purchase. The acquisition was accounted for as a purchase.  
  
The Company assumed 233,872 stock options, valued at $11.1 million. The Company values these options using the modified Black 
Scholes option pricing model with the following weighted average assumptions: risk free interest rate of 6.375%, expected dividend rate of 
0%, volatility of 128% and a term of one year after vesting.  
  
The purchase price was allocated to the assets and liabilities assumed based on their estimated fair market values as follows:  
  
  
   
(in thousands) 
  
Tangible assets acquired 
   
$ 
1,715   
Liabilities assumed 
   
  
(4,319 ) 
  
   
Net book value of net liabilities assumed 
   
  
(2,604 ) 
Fair value adjustments: 
   
     
  
Fair value of purchased technology, including in process research and  
development 
   
$ 
8,600   
Fair value of assembled workforce 
   
  
150   
  
   
Fair value of net assets acquired 
   
$ 
6,146   
  
   
Purchase price: 
   
     
  
Fair value of shares issued 
   
$ 
54,683   
Fair value of options assumed 
   
  
11,092   
Fair value of net assets acquired 
   
  
(6,146 ) 
Acquisition costs 
   
  
132   
  
   
Excess purchase price over net assets acquired, allocated to goodwill 
   
$ 
59,761   
  
   
81  
<





New Page 1








Home : About Us : Network : Services : Support : FAQ : Control Panel : Order Online : Sitemap : Contact : Terms Of Service

 

Our web partners:  Jsp Web Hosting  Unlimited Web Hosting  Cheapest Web Hosting  Java Web Hosting  Web Templates  Best Web Templates  Web Design Templates  Interland Web Hosting  Cheap Web Hosting  Filemaker Web Hosting  Tomcat Web Hosting  Quality Web Hosting  Best Web Hosting  Mac Web Hosting

 
 

Virtualwebstudio. Business web hosting division of Vision Web Hosting Inc. All rights reserved

Interland Web Hosting