XML 50 R30.htm IDEA: XBRL DOCUMENT v2.4.0.6
Subsequent Events (Note)
12 Months Ended
Dec. 31, 2012
Subsequent Event [Line Items]  
Subsequent Events [Text Block]
SUBSEQUENT EVENTS

On January 4, 2013, Euronet entered into and simultaneously closed an acquisition agreement (“Acquisition Agreement”) to acquire 100% of the common stock of an Australian company, Pure Commerce Pty Ltd. (“Pure Commerce”). The purchase price consists of approximately $31.2 million, subject to customary purchase price adjustments and $5.2 million of Euronet Common Stock. With respect to the stock portion of the purchase price and pursuant to the Acquisition Agreement, Euronet issued at closing 224,425 shares of Common stock to the shareholders of Pure Commerce. The Common Stock will be held in escrow through September 2014 to secure certain obligations of the sellers. Further, Euronet has agreed pursuant to an earnout provision to pay additional purchase consideration of up to $30.0 million Australian dollars, consisting of cash and Common Stock in March 2014, if certain earnout performance targets are met during an earnout period ending December 31, 2013. For purposes of the earnout, Common Stock will be valued at the average trading price of Common Stock on the NASDAQ Stock market for the 20 trading days prior to December 31, 2013.