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eBay writes-off 1.4 b USD in Skype acquisition October 3, 2007

Posted by mariobc in Internet.
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logoebay_x45.gifskype_logo.png

I never really understood eBay’s move to buy skype…. it didn’t make sense from the beginning.

I hope Skype gets a new corporate parent that has real synergies and helps them to flourish even faster.

Those telecoms really need someone like Skype to make them dance…. 🙂

It’s Finally Official: eBay’s Skype Has Bombed

Henry Blodget | October 1, 2007 10:58 AM

eBay has finally acknowledged what has been obvious to the rest of the world for at least three quarters: the Skype acquisition gamble has failed. Among the news today:

  • Skype CEO Niklas Zennstrom officially gone (he’s been virtually gone for months)
  • eBay will take $1.4 billion asset-impairment charge.
  • Skype has missed the targets Zennstrom and his team set at the time of the sale. Thus, eBay will only pay $530 million of the potential $1.7 billion earnout (some small consolation)

Continue reading: http://www.alleyinsider.com/2007/10/its-finally-off.html

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Comments»

1. Francisco - October 3, 2007

Welcome back to blogging!


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