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Ebay gets good price for Skype, plus chance at more later

Thursday 3 September 2009 | 11:50 CET | Author: Tim Poulus | Market Commentary
Now that eBay has found a buyer for a 65 percent stake in Skype, the question on everyone's mind is did they get a good price? The private equity investors buying the stake are paying around USD 2 billion for the stake, giving Skype a total value of USD 2.75 billion. Ebay bought Skype in 2005 for USD 2.6 billion, plus an earn-out of USD 1.5 billion. As the company did not meet all the performance targets in the earn-out, the subsequent payment was less, and in total Ebay paid USD 3.1 billion. It later wrote down the value of Skype by USD 1.4 billion. This leaves a book value of USD 1.7

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Categories: Internet
Companies: Ebay / Joltid / Skype
Countries: World
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