Subsequent Events

3 Months Ended

Mar. 31, 2015

Subsequent Events [Abstract]

Subsequent Events

Subsequent Events

On May 5, 2015, we entered into a definitive agreement to acquire Borderfree, Inc. (Borderfree). Under the terms of the definitive agreement, we will commence a tender offer for all outstanding common shares of Borderfree at $14 per share in cash, or approximately $395 million in the aggregate, net of expected cash and investments on Borderfree’s balance sheet at the time of closing. Borderfree provides cross-border ecommerce solutions through a proprietary technology and services platform that enables retailers in the United States and United Kingdom to transact with consumers around the world. The transaction is subject to the completion of customary conditions, and is expected to close in the second quarter of 2015. Once completed, we expect Borderfree will operate as a wholly owned subsidiary within our Digital Commerce Solutions segment.