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Subsequent Events
3 Months Ended
Mar. 31, 2015
Subsequent Events [Abstract]  
Subsequent Events

12. Subsequent events

Business acquisitions

On April 1, 2015, through its subsidiaries Ebazar.com.br Ltda. and MercadoLivre.com Atividades de Internet Ltda. the Company acquired 100% of the issued and outstanding shares of capital stock of KPL Soluções Ltda. an e-commerce management company in Brazil. As of the acquisition date we paid $15.8 million in cash and will pay up to an additional $9.5 million upon the achievement of certain performance targets by the acquired company during 2015 and 2016.

Additionally, on April 22, 2015, through its subsidiaries MercadoLibre, S. de R.L. de C.V. and Deremate.com de México, S. de R.L. de C.V. the Company acquired 100% of the issued and outstanding shares of capital stock of Metros Cúbicos, S.A. de C.V., which operates an online classified advertisements platform dedicated to the sale of real estate in México through the site named metroscubicos. At the acquisition date, the Company paid the total price of $27.0 million in cash to the sellers, and $3.0 million was transferred to an escrow trust for a period of 24 months to warrant all covenants and obligations assumed by the sellers in the stock purchase agreement.

As of the date of issuance of these interim condensed consolidated financial statements, the initial accounting for these business combinations have not been yet completed.