eBay buying Skype for $2.6B
A Reuters newswire article, via CNN/Money, reports that:
Online auction house eBay Inc. has agreed to buy Internet telephone firm Skype Technologies SA for $2.6 billion, the online auction house said Monday.
eBay plans initially to pay $1.3 billion in cash and $1.3 billion in stock and to make a further payout of up to $1.5 billion by 2008 or 2009 if financial targets are met, giving the deal a total value of up to $4.1 billion, eBay said.
Skype, whose software allows consumers to make free or low-cost phone calls anywhere in the world via the Internet, would be the biggest acquisition so far for 10-year-old eBay.
It tops the $1.5 billion eBay paid in 2002 for PayPal, which thrust eBay into the lead in the online-payment market. This year PayPal is on track to become a $1 billion business.
posted by Fergie @ 9/12/2005 06:47:00 AM
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