Table of Contents 
INFOSPACE, INC. 
  
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued) 
  
Years Ended December 31, 2001, 2000 and 1999 
  
The $8.6 million value of purchased technology includes purchased in process research and development. Accordingly, the results of 
operations for the year ended December 31, 2000, include the write off of $6.0 million of purchased in process research and development. The 
remaining $2.6 million represents the purchase of core technology and existing products which are being amortized over an estimated useful 
life of five years. The Company is amortizing the goodwill and assembled workforce over an estimated life of five years.  
  
Millet Software, Inc.: 
    On March 31, 2000, the Company acquired all of the common stock of Millet Software for purchase 
consideration of 488,224 shares of the Company's common stock and acquisition expenses of $255,000. The valuation of the shares issued of 
$49.90 per share was based on the seven day stock price average for the period including January 4, 2000 and the three days before and after 
that date. The Company recorded a charge of $2.4 million for in process research and development. Millet was a privately held company that 
developed secure technology that provides an automated process for filling in payment forms. The acquisition was accounted for as a purchase. 
  
The Company assumed 53,434 stock options, valued at $5.3 million, which was recorded as an addition to the purchase price. The 
Company values these options using the modified Black Scholes option pricing model with the following weighted average assumptions: risk 
free interest rate of 6.56%, expected dividend rate of 0%, volatility of 121% and a term of one year after vesting.  
  
  
   
(in thousands) 
  
Tangible assets acquired 
   
$ 
100   
Liabilities assumed 
   
  
(204 ) 
  
   
Net book value of net liabilities assumed 
   
  
(104 ) 
Fair value adjustments: 
   
     
  
Fair value of purchased technology, including in process research and development 
   
$ 
6,000   
Fair value of assembled workforce 
   
  
170   
  
   
Fair value of net assets acquired 
   
$ 
6,066   
  
   
Purchase price: 
   
     
  
Fair value of shares issued 
   
$ 
24,361   
Fair value of options assumed 
   
  
5,286   
Fair value of net assets acquired 
   
  
(6,066 ) 
Acquisition costs 
   
  
255   
  
   
Excess purchase price over net assets acquired, allocated to goodwill 
   
$ 
23,836   
  
   
  
The $6.0 million value of purchased technology includes purchased in process research and development. Accordingly, the results of 
operations for the year ended December 31, 2000, include the write off of $2.4 million of purchased in process research and development. The 
remaining $3.6 million represents the purchase of core technology and existing products which are being amortized over an estimated useful 
life of five years. The Company is amortizing the goodwill and assembled workforce over an estimated life of five years.  
  
Saraide Inc.: 
    On March 10, 2000 the Company acquired eighty percent of the common stock of Saraide, Inc. (formerly saraide.com, 
inc.), a privately held provider of wireless Internet services in Europe, Japan and Canada, for purchase consideration of 9,233,672 shares of the 
Company's common stock and acquisition expenses of $374,000. The valuation of shares issued of $36.21 per share was based on the seven 
day stock price average for the period including December 6, 1999 and three days before and after that date. The acquisition was accounted for 
as a purchase.  
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