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Subsequent events | 3 Months Ended
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Mar. 31, 2014
Subsequent Events [Abstract] |
Subsequent events |
11. | Subsequent events
Business acquisition On April 8, 2014, through its subsidiaries Meli Inversiones SpA and Meli Participaciones, S.L., the Company acquired 100% of the issued and outstanding shares of capital stock of the companies VMK S.A., Inmobiliaria Web Chile S. de R.L. de C.V. and Inmuebles Online S.A., companies that operate online classified advertisements platform dedicated to the sale of real estate in Chile (at www. portalinmobiliario.com ) and in Mexico (at www. guiadeinmuebles.com ). At the acquisition date, the Company paid in cash the total spot price of $33.6 million which included $0.5 million that was withheld until final determination of the purchase price and $1.0 million which was held in escrow, for a period of 36 months to warrant all covenants and obligations assumed by the sellers in the stock purchase agreement. The stock purchase agreement provides for additional cash considerations and escrows up to $5 million in case the companies achieve certain revenue performance targets during 2014 and 2015. On the other hand, if conditions for the additional payments are not achieved, then no additional cash consideration shall be paid. As of the date of issuance of these interim condensed consolidated financial statements, the initial accounting for the business combination has not been completed yet.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References No definition available. + Details
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