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ACQUISITION
9 Months Ended
Oct. 31, 2012
ACQUISITION

NOTE 3 — ACQUISITION

In September 2012, the Company completed the acquisition of Brightstar Corp.’s fifty percent ownership interest in Brightstar Europe Limited, which was a consolidated joint venture between Tech Data and Brightstar Corp., (“the joint venture”). The terms of the agreement included a payment of $165.9 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 advanced by Brightstar Corp. to the joint venture. Upon the closing of the transaction, the Company recorded a decrease of approximately $85.9 million to additional paid-in capital within shareholders’ equity, comprised of a purchase price premium of approximately $85.0 million paid to Brightstar Corp. for its share of the joint venture and approximately $0.9 million of direct costs incurred with the transaction (based on the foreign currency exchange rates on the date of acquisition). The acquisition of Brightstar Corp’s fifty percent interest in the joint venture the repayment of all loans advanced by Brightstar Corp to the joint venture and transaction costs were funded with the Company’s available cash.