eBay confirms that it overpaid for Skype… by nearly $1 billion!

October 1st, 2007

An interesting article in Business Week where eBay basically admits:

  • They overpaid for Skype
  • It cannot create synergies between it other core services
  • The business model is not working (too many free competitors, flat pc-to-phone revenue, small active user base)
  • Management shakeup – founders are leaving “voluntarily”
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Categories: The Internet Business

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