By Mattias Karen, Associated Press Writer
STOCKHOLM, Sweden -- Online auctioneer eBay (EBAY) said Monday that it will acquire Internet communications company Skype Technologies for about $2.6 billion in cash and eBay stock. EBay CEO Meg Whitman, left, poses with Niklas Zennstrom of Skype. EBay owns PayPal.
The total value of the deal may climb to $4.1 billion based on whether Skype meets a series of performance targets over the next three years, eBay said. The additional payments of $1.5 billion would be made in2008 or 2009.
Ebay said the acquisition of privately held Skype will create "an unparalleled e-commerce and communications engine" for Internet users worldwide.