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Monday, September 12, 2005
Online US-based auction company eBay, the world's largest online marketplace, agreed to buy Voice-over-IP (VoIP) firm Skype, the company providing the most popular internet telephony service, for $2.6 billion USD in cash, stock, and rewards, and may pay a further $1.5 billion if the company's financial targets are met in 2007 and 2008.
Skype technology is to be introduced on eBay's website, allowing sellers to receive calls or leads from the sites users, for a fee.
It is the biggest acquisition in eBay's history. The company hopes to diversify its profit sources and gain popularity in areas where Skype holds a strong position, such as China, Eastern Europe, and Brazil.
EBay expects to cut 2006 earnings per share by $0.12 due to the acquisition.
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This page is archived, and is no longer publicly editable.
Articles presented on Wikinews reflect the specific time at which they were written and published, and do not attempt to encompass events or knowledge which occur or become known after their publication.
Please note that due to our archival policy, we will not alter or update the content of articles that are archived, but will only accept requests to make grammatical and formatting corrections.
Note that some listed sources or external links may no longer be available online due to age.
The text of this article has been released into the public domain. In the event that this is not legally possible, this article may be used for any purpose, without any condition, unless such conditions are required by law. This applies worldwide. Copyright terms on images, however, may vary, so please check individual image pages prior to duplication.
