The fight for Skype has ended. After weeks of nasty legal sparring, the Internet telephony service’s founders agreed to join the investor group purchasing it from EBay and dropped the lawsuit that had threatened to bollocks the deal.
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What a costly blunder Skype has proven to be for eBay. A $2.6 billion purchase price. A $1.4 billion asset impairment charge. Missed financial targets. And now this: eBay’s plans to spin off Skype next year are being threatened by a legal dispute over the telephony service’s underlying technology.
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Some people have been critical of Skype, but I am very proud of the company’s growth. Very few companies can claim to match the growth trajectory Skype is on and continues to be on.”
Skype co-founder Niklas ‘NZennström’
It’s taken two years longer than it should have, but skepticism with which investors met eBay’s $2.6 billion-plus [...]
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