Sep 13 2005

eBay buys Skype…

Published by under Infrastructure and tagged:

Read this on the Engadget website, as a current Skype user it will be interesting to see what eBay is going to do with Skype. Not sure if I’m that keen on it to tell the truth – at least there are a few other options out there now, like Gizmo or Google Talk.

Yup, it’s happened: eBay just bought Skype. The price? An astoundingly ridiculous $1.3 billion in cash and 32.4 million shares of eBay stock for a company which expects to make only $60 million dollars this year. But, hey, it’s eBay’s money to spend as it pleases, and in the press release they describe their plans to begin integrating Skype into eBay auctions in order to ‘streamline and improve communications between buyers and sellers’ as well as their intent to combine Skype with PayPal to ‘pursue entirely new lines of business’ that would monetize ‘ecommerce communications’ on a ‘pay-per-call basis.’ Rockin’, we guess.

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