Skype Sale Nears: Why eBay Shareholders Should Be Mad
If youÃ¢â‚¬â„¢re an eBay shareholder, itÃ¢â‚¬â„¢s time for you to get mad about the sheer incompetency of the management. First they paid top dollar for Skype back in 2005, making billionaires out of Niklas Zennstrom and Janus Friis. And, now instead of waiting for an opportune time to go public, eBay management is selling low, at a time when the only buyers are bargain hunters.
The New York Times reports that eBay is nearing a deal to sell Skype, its Internet calling service. The news was first reported by TechCrunch last week. It was initially reported that Marc AndreessenÃ¢â‚¬â„¢s new venture fund, Andreessen Horowitz, and original Skype investors Index Ventures were among the likely buyers of the company. Silverlake Partners, a Silicon Valley-based private equity group, is said to be involved with the deal, the Times adds.
Read more: gigaom.com