Mercadolibre, Inc. acquired Business Vision SA for $4.9 million.
January 08, 2015 at 12:00 am
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Mercadolibre, Inc. (NasdaqGS:MELI) acquired Business Vision SA for $4.8 million on December 15, 2014. The aggregate purchase price is $4.8 million, out of which $3.8 million was paid in cash, net of $0.11 million of negative working capital adjustments, set an escrow amounting to $0.25 million for a 24-months period, aiming to cover unexpected adjustments to the initial aggregate purchase price and set an escrow amounting to $0.74 million, 50% for a 12-months period and 50% for a 24-months period since the closing date.
Mercadolibre, Inc. (NasdaqGS:MELI) completed the acquisition of Business Vision SA on December 15, 2014.
MercadoLibre, Inc. is the leading online marketplace in Latin America. The group operates an IT platform enabling individuals and professionals to carry out their purchasing and selling transactions for goods and services. The activity is organized around 5 areas:
- operation of online trading platforms;
- online payment services: services provided through the MercadoPago platform;
- shipping services: services provided through the MercadoEnvios platform;
- development of classified ad sites;
- other: e-commerce software development, advertising services, etc.
Net sales are distributed geographically as follows: Brazil (53.8%), Argentina (23.7%), Mexico (17.7%) and other (4.8%).
MERCADOLIBRE, INC. 
