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Ebay Seeks Skype IPO
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by Jordan Yerman | April 14, 2009 at 01:04 pm
62 views | 32 Recommendations | 3 comments
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Online trade giant Ebay is unloading Skype, the ubiquitious VOIP/chat client. Ebay is not selling Skype, but is, in a sense, auctioning parts of it off in an IPO (initial public offering) to take Skype public.
Though many of us equate Skype with "free", it actually makes quite a bit of money... to the tune of $551 million last year, though premium calls and subscription packages.
The IPO is meant to take place next year.
“Skype is a great stand-alone business with strong fundamentals and accelerating momentum,” said eBay 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 engines—e-commerce and online payments—and deliver long-term value to our stockholders.”
This move comes hot on the heels of Ebay's sale of StumbleUpon back to the little toolbar's founders.
The company notes that Skype had 2008 revenue of $551 million, up 44% from 2007, with segment margin of about 21%, and 405 million users at year end, up 47% from 2007. The company noted that it previously projected revenue for Skype is expected to top $1 billion in 2011.
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Rhonda J Mangus
North Tonawanda, New York, United States
jazzyzazzy
Glasgow, Scotland, United Kingdom
Paschen
Narita, Chiba, Japan
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Most RecentMost Recommended Comments (3)
at 15:42 on April 14th, 2009
Is that even legal?
at 16:05 on April 14th, 2009
Just getting used to one bit of tech info, then up comes more skype,still trying to work ma laptop,noo a have skype to think aboot.It awe seems to move too fast for me this tech world.am a creative heed,so it takes me a while to figure out this tech stuff. Yet know what Jordan am learning more here at N.P than a would in any school Thanks pal I will try and get ma heed roon these we tech hitches.by the way i still dont have a scooby how and why the highlight tool.but am working on it so maybe there is hope for me afterall Jordan. he he
at 13:36 on April 14th, 2009
thanks for this update jordan