Ebay Buys Skype
The rumors are true. eBay will buy Skype for $2.6 billion. Anyone else feel like we are back in the .com days? How does a company with relatively few assets and only $10 million in revenue get a 2.6 billion dollar acquisition? Sign me up for the next one.
I can definately see how eBay / PayPal can benefit from a platform like Skype, but I have yet to see how paying 2.6 billion to use the technology fits into the picture. I wonder how many angry eBay investors were made today?
More info here: http://investor.ebay.com/event.cfm