EBay Enters VOIP Business With Skype Purchase

Posted: Sep 12 2005, 9:18am EST | by , Updated: Aug 10 2010, 4:28pm CDT, in News | Other Stuff

eBay enters VOIP Business with Skype Purchase
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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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<a href="/latest_stories/all/all/2" rel="author">Luigi Lugmayr</a>
Manfred "Luigi" Lugmayr () is the founding Chief Editor of I4U News and brings over 25 years experience in the technology field to the ever evolving and exciting world of gadgets, tech and online shopping. He started I4U News back in 2000 and evolved it into vibrant technology news and tech and toy shopping hub.
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