Skype: Well, Yeah $2 Billion Is Low Considering What You Paid for It…
by John Paczkowski
Posted on May 6, 2009 at 11:50 AM PT
Analysts value Skype at roughly $2 billion. But it seems John Donahoe, CEO of parent company eBay, values it at a bit more than that. Asked to put a price on the Internet telephony business, Donahoe declined, but he said $2 billion is “low.”
And I suppose it is, given that eBay (EBAY) paid $2.6 billion for Skype in October 2005 and subsequently took a $1.43 billion charge on it.
“I think it’s worth a lot and I think the numbers speak for themselves,” he added. “There are not many properties that have that kind of growth.”
EBay plans to spin Skype off in an initial public offering in 2010.
