Note 3 - Business Combinations

3 Months Ended

Mar. 31, 2012

Business Combinations [Abstract]

Business Combinations

Business Combinations and Divestitures:

During the three months ended March 31, 2012, we completed one acquisition, which is included in our Marketplaces segment. The acquisition was not significant.

In February 2012, we reached a definitive agreement to acquire WHI Solutions, which provides software and digital catalog solutions for auto parts distributors and retailers. The acquisition was completed on April 3, 2012 and will be reflected in our second quarter financial statements.

In March 2012, we entered into an agreement to sell Rent.com, which is subject to customary closing conditions and regulatory approvals. We expect the sale to close in the second quarter of 2012. The results from Rent.com are not material to any period presented.

GSI

We acquired GSI on June 17, 2011. In conjunction with the acquisition of GSI, we immediately divested 100 percent of GSI's licensed sports merchandise business and 70 percent of GSI's ShopRunner and RuLaLa businesses (together, the "divested businesses").

Pro forma financial information

The unaudited pro forma financial information in the table below summarizes the combined results of our operations and those of GSI for the period shown as though the acquisition of GSI and the sale of the divested businesses had occurred as of the beginning of fiscal year 2011. The pro forma financial information for the period presented includes the business combination accounting effects of the acquisition, including amortization charges from acquired intangible assets. The pro forma financial information as presented below is for informational purposes only, is subject to a number of estimates, assumptions and other uncertainties, and is not indicative of the results of operations that would have been achieved if the acquisition and divestiture had taken place at January 1, 2011. The unaudited pro forma financial information is as follows (in millions, except per share amounts):

	Three Months Ended March 31,
	2011
Total revenues	$	2,753
Net income	446
Basic earnings per share	0.34
Diluted earnings per share	$	0.34