Oct 3, 2007
eBay writes-off 1.4 b USD in Skype acquisition
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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Francisco
Welcome back to blogging!
Oct 3rd, 2007
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