"NEW YORK/SAN FRANCISCO (Reuters) - EBay Inc said on Monday it would cut as much as $1.2 billion off the $4.3 billion potential price it agreed to pay for Web-based phone-calling service Skype two years ago.
"The writedown on the value of the deal came as eBay said Skype co-founders Niklas Zennstrom and Janus Friis had resigned as executives, and marks a tacit admission of lackluster returns from Skype since eBay acquired it two years ago."
Not long ago I started using Skype. Although its functions overlap with those provided by many simular systems, it works well, and I like it. I've used eBay for many years as a buyer and a seller. It has some problems, but it works OK.
Whoever thought eBay should aquire Skype and start operating an IP phone company should really be looking for another job. It makes no sense at all, and eBay has proved this by finding no synergy, at all, and now by making little money on the whole thing. It never did make any sense.
File under "duh"...
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