eBay completed its previously announced acquisition of mobile.de, one of the leading online classifieds Web sites for vehicles in Germany. In accordance with the terms of the transaction as announced on January 26, 2004, eBay acquired all outstanding shares of mobile.de for approximately EUR 121 million in cash, or approximately US$149 million, based on the March 31, 2004 exchange rate of EUR 1.23 per US$1.00, plus acquisition costs. As previously stated, eBay expects the acquisition to have a nominal impact on 2004 net revenues. Founded in 1996, mobile.de was one of the first Web sites in Germany dedicated to the buying and selling of automobiles and other vehicles through the classified advertising format online.