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eBay paid $900 million too much for skype

Discussion in 'General Marketing' started by temi, Oct 2, 2007.

  1. temi

    temi Facilitator Webmaster

    Don't call it a bust just yet, but it's fair to say eBay executives aren't thrilled with what they're getting out of Skype, which the auction king bought for $2.6 billion two years ago.
    On Monday, eBay said it would take a $900 million so-called impairment write-down against the value of Skype. This means that eBay has been forced to reassess the value of the Internet telephony company relative to its overall business today. By recording a charge, the company is essentially saying that it has taken a loss on its original investment.

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