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Business Combinations and Divestitures
9 Months Ended
Sep. 30, 2013
Business Combinations [Abstract]  
Business Combinations and Divestitures
Business Combinations

During the nine months ended September 30, 2013, we completed four acquisitions, three of which are included in our Marketplaces segment and one in our Payments segment, for aggregate purchase consideration of approximately $83 million, consisting primarily of cash. The allocation of the purchase consideration resulted in net liabilities of approximately $7 million, purchased intangible assets of approximately $41 million and goodwill of approximately $49 million. The allocations of the purchase price for these acquisitions have been prepared on a preliminary basis and changes to those allocations may occur as additional information becomes available. The consolidated financial statements include the operating results of the acquired businesses since the respective dates of the acquisitions. Pro forma results of operations have not been presented because the effect of the acquisitions was not material to our financial results.
Additionally, on September 26, 2013 we announced an agreement to acquire Braintree, a global payment platform, for total consideration of approximately $800 million. This acquisition is expected to close late in the fourth quarter of 2013.