TELECOM Digest OnLine - Sorted: eBay to Acquire Skype

eBay to Acquire Skype

Monty Solomon (monty@roscom.com)
Mon, 12 Sep 2005 07:50:46 -0400

eBay to Acquire Skype
- Sep 12, 2005 06:00 AM (BusinessWire)

LONDON--(BUSINESS WIRE)--Sept. 12, 2005--eBay Inc.

www.ebay.com has agreed to acquire Luxembourg-based Skype Technologies
SA, the global Internet communications company, for approximately $2.6
billion in up-front cash and eBay stock, plus potential
performance-based consideration. The acquisition will strengthen
eBay's global marketplace and payments platform, while opening several
new lines of business and creating significant new monetization
opportunities for the company. The deal also represents a major
opportunity for Skype to advance its leadership in Internet voice
communications and offer people worldwide new ways to communicate in a
global online era. Skype, eBay and PayPal will create an unparalleled
ecommerce and communications engine for buyers and sellers around the
world.

- http://finance.lycos.com/home/news/story.asp?story=51709287

[TELECOM Digest Editor's Note: This summary arrived from Monty about
the time that the full story came over the Reuters wire system, so I
am going to present it next. PAT]

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