eBay to Acquire Skype - Sep 12, 2005 06:00 AM (BusinessWire)
LONDON--(BUSINESS WIRE)--Sept. 12, 2005--eBay Inc.
formatting linkhas agreed to acquire Luxembourg-based Skype Technologies SA, the global Internet communications company, for approximately $2.6 billion in up-front cash and eBay stock, plus potential performance-based consideration. The acquisition will strengthen eBay's global marketplace and payments platform, while opening several new lines of business and creating significant new monetization opportunities for the company. The deal also represents a major opportunity for Skype to advance its leadership in Internet voice communications and offer people worldwide new ways to communicate in a global online era. Skype, eBay and PayPal will create an unparalleled ecommerce and communications engine for buyers and sellers around the world.
formatting link[TELECOM Digest Editor's Note: This summary arrived from Monty about the time that the full story came over the Reuters wire system, so I am going to present it next. PAT]