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eBay To Sell Skype For $2bn -- Looses $1bn

Hiren Pathak

So is this the end of Skype or a new begining? eBay bought Skype four years back for $3.1bn which was too much for Skype at that time and eBay believes that the Skype business is worth in excess of $2bn.

So finally, after four years of ownership, eBay is set to announce the sale of Skype to a group of private investors in $2bn deal.

The move to offload Skype follows a year-long review which concluded that the business was not a good fit with eBay's core auction business or with its payment operation, PayPal.

But if you are worried about Skype closed down, you can use Skype Alternatives

Written By: Hiren Pathak. You can contact him at informationmadness AT gmail DOT COM
Our valuable member Hiren Pathak has been with us since Tuesday, 12 December 2006.