PENDING ACQUISITION

6 Months Ended

Jul. 31, 2012

PENDING ACQUISITION

NOTE 10 — PENDING ACQUISITION

In July 2012, the Company reached an agreement to acquire Brightstar Corp.’s fifty percent ownership interest in Brightstar Europe Limited, which is a consolidated joint venture between Tech Data and Brightstar Corp. The terms of the agreement include a payment of $165.6 million in cash for Brightstar Corp’s equity in the joint venture (reflected as “noncontrolling interest” within the Company’s consolidated balance sheet) and the repayment of all loans and related interest advanced by Brightstar Corp. to the joint venture. Upon the closing of the transaction, the Company will record a decrease of $86.0 million to $90.0 million to additional paid-in capital within shareholders’ equity. This decrease represents the estimated purchase price premium to be paid to Brightstar Corp. for its share of the joint venture and costs incurred associated with the transaction. The actual amount of the adjustment will vary based on the final allocation of the purchase price, foreign currency exchange rates on the transaction date and direct costs incurred. Tech Data plans to fund the acquisition with available cash. The transaction is subject to regulatory review and is expected to be completed during the Company’s third quarter of fiscal year 2013.