Shawn Fanning's Incredible Shrinking Pay Day: EA Bought Game Company for $15M, Not $30M

Re:Shawn Fanning's Incredible Shrinking Pay Day: EA Bought G... by aston on Tuesday August 05, 2008 @04:18AM (#267297)

Trying to figure out if this part (on what $15 mill bought EA) is a joke:

  Current Assets: $1 million
  Long-term assets: $1 million
  Acquired in-process technology: $1 million
  Goodwill: $9 million
  Finite-lived intangibles: $6 million
  Liabilities: ($3 million)

Goodwill? Finite-lived intangibles? And what were the liabilities that somehow led to cashflow into EA from Rupture/ThreeSF?

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Re:Shawn Fanning's Incredible Shrinking Pay Day: EA Bought G... by dats on Tuesday August 05, 2008 @04:28AM (#267305)

It's not a joke. From the latest 10-Q linked in the article:

Finite-lived intangibles include developed and core technology, carrier contracts, trade name, and subscribers.

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Re:Shawn Fanning's Incredible Shrinking Pay Day: EA Bought G... by imp on Tuesday August 05, 2008 @08:33AM (#267395)

Thanks, I was wondering the same thing myself.

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Re:Shawn Fanning's Incredible Shrinking Pay Day: EA Bought G... by ericb on Tuesday August 05, 2008 @09:01AM (#267408)

If you're not familiar with Goodwill, it is used to account for amounts paid over and above the book value of what was purchased. So if Coke bought Pepsi for 300 million, and Pepsi had a book value of 100 million in Pepsi's internal accounting, Coke would show 200 million in goodwill on it's books, IIRC.

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