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eBay enters VOIP Business with Skype Purchase
Sep 12 2005, 9:18am EST | by Luigi Lugmayr
eBay Inc. buys Luxembourg-based Skype Technologies SA for approximately $2.6 billion in up-front cash and eBay stock.
eBay put golden hand-cuffs in place with a further payout of up to $1.5 billion by 2008 or 2009 if financial targets are met. This would mean the whole package could reach
$4.1 billion.
Not a bad paycheck for 3 years of work. Niklas Zennström and Janus Friis founded Skype in 2002.
At $2.6 billion eBay pays $48 per user. At $4.1 billion eBay would pay $75 per user. Still ok compared to Dot Com Bubble times.Skype already has 54 million members in 225
countries and territories. Skype is currently adding approximately 150,000 users a day and has created a thriving ecosystem of products, services, developers, and affiliates.
eBay published several documents and a press-release about the deal on their site.
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Luigi Lugmayr
Luigi is the founding chief Editor of I4U News and brings over 15 years
experience in the technology field to the ever evolving and exciting
world of gadgets. He started I4U News back in 2000 and evolved it into
vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com. Luigi posts regularly on LuigiMe.com about his experience running I4U.
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