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EBay buys Skype in a $2.6 billion deal.

Post Date: 2008-07-19
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skyR View Drop Down
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Posts: 2220 		  Quote skyR Quote  Post ReplyReply bullet Topic: EBay buys Skype in a $2.6 billion deal.
    Posted: 19 Jul 2008 at 4:49pm
The number one online auction site EBay, agreed to buy the internet communication company Skype to create "an unparalleled e-commerce and communications engine". E-Bay will pay $2.6 billion, half in cash and half in stocks. If certain targets are met, EBay is willing to pay another $1.5 billion in the next three years, raising the deal to over $4 billion.

EBay’s chief executive Meg Whitman explained the purpose of the deal. "By combining the two leading e-commerce franchises, EBay and PayPal, with the leader in Internet voice communications, we will create an extraordinarily powerful environment for business on the net."

Skype’s chief executive Niklas Zennstrom, said the deal will make easier the way people are communicating using the Internet. Zennstrom will be joining E-Bay’s senior management team.
source: tcmag

Edited by skyR - 19 Jul 2008 at 6:38pm
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david5182 View Drop Down
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Posts: 215 		  Quote david5182 Quote  Post ReplyReply bullet Posted: 20 Jul 2008 at 12:14pm
Uh, I thought Ebay bought Skype several years ago.
 
EDIT: http://news.bbc.co.uk/2/hi/business/4237338.stm (Check the date of the article)


Edited by david5182 - 20 Jul 2008 at 12:14pm
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SunfighterLC View Drop Down
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Posts: 1527 		  Quote SunfighterLC Quote  Post ReplyReply bullet Posted: 20 Jul 2008 at 12:43pm
Yea the TC mag article is gone too ..haha. So probably a mistake on their part.
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