Skype to File for IPO

Turning down offers from the founders to buy the company back (if the rumours were correct), eBay have instead decided to offer their company out to the public.

Quote:

"Skype is a great stand-alone business with strong fundamentals and accelerating momentum," said eBay Inc.'s President and CEO, John Donahoe. "But it's clear that Skype has limited synergies with eBay and PayPal. We believe operating Skype as a stand-alone publicly traded company is the best path for maximizing its potential. This will give Skype the focus and resources required to continue its growth and effectively compete in online voice and video communications. In addition, separating Skype will allow eBay to focus entirely on our two core growth engine - e-commerce and online payments - and deliver long-term value to our stockholders."

http://about.skype.com/2009/04/ebay_inc ... or_20.html

I personally think it's the right move, and will establish Skype as a long term commercial player and frees eBay from having to worry about it.

Reply from ianplain on Apr 15, 2009 - 12:36 AM

Hi

I think this is the best way forward, The offer from the founders was a bit farcical as the business is Bigger, Stronger and far better than when they sold it. so to offer a fraction of what they got is well....

Ian

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