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eBay's $1.4 Billion Phone Bill

Takes huge write down on overpriced Skype

By Peter Fearon,  Newser Staff

Posted Oct 2, 2007 12:04 AM CDT

(Newser) – eBay's $2.6 billion acquisition of phone service Skype looks like a wrong number, with profits on hold indefinitely. The Wall Street Journal reports eBay will take a $1.4 billion write down on Skype, which  accounts for $90 million of eBay's $1.83 billion...   Read full story »

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A snapshot of the day's best news stories.
 

Profits on the Line

Skype deal echoed 'bubble mentality.'
New York Times

Skype founders miss out on extra $1.2 billion.
Financial Times (UK)

 
social networking • eBay • Vonage • Skype • digital video • Niklas Zennstrom • Michael van Swaaij • write down • revenue • online music • Meg Whitman • PayPal • Joost

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