Monday, May 20, 2013
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Next-generation Xbox Coming Tomorrow
Marvell Unveils Quad-core 5-mode Category 4 LTE Single-chip Solution
Seagate Delivers First 4TB Video Hard Disk Drive
Jolla Introduces First Sailfish-based Smartphone
Yahoo Acquires Tumblr
PCMark 8 Benchmark Announced
Sony Xperia Tablet Z Noe Available Worldwide
Sharp IGZO-based LCD and OLED Displays on Show at Display Week 2013
Active Discussions
CDR for car Sat Nav
deleted
CD Drive Retrieve
burning
Extremely Slow External CD (Samsung SE-S084C)
Best optical drive for ripping CD's? My LG 4163B is mediocre.
Verbatim DVD+R still tops?
Doubt in choosing an Optiarc writer
 Home > News > General Computing > EBay to...
Last 7 Days News : SU MO TU WE TH FR SA All News

Monday, September 12, 2005
EBay to Buy Skype


EBay has agreed to buy the fast-growing Internet start-up Skype in a move to add free Web telephone calls to its online auctions and fuel growth, the companies confirmed on Monday.

EBay said it plans to pay $1.3 billion in cash and $1.3 billion in stock for the Web communications company. It would make a further payout of up to $1.5 billion by 2008 or 2009 if financial targets are met, giving the deal a total value of up to $4.1 billion, executives of the two companies said.

EBay is renowned for an Internet business model linking millions of buyers and sellers, but its core U.S. market is maturing, slowing to annual growth of between 20 percent and 30 percent a year, compared with 50 percent international growth.

Skype, which said it expects revenue of $60 million this year and more than $200 million in 2006, has raced to the lead in the booming voice-over-Internet (VOIP) market, which is being aggressively targeted by online powerhouses like Yahoo , Google and Microsoft .

In just two years, Skype has attracted 54 million members to its free Internet-based voice service and is on pace to roughly double in size within a year.

Luxembourg-based Skype offers a free service when users make computer-to-computer calls to other Skype users. Charges apply when Skype users make calls to regular phone numbers.

But in a move to strengthen the bonds between eBay buyers and sellers, the company will also encourage eBay merchant sites to use Skype software to allow customers with last-minute sales questions to click to talk to a customer service agent.

Executives of the two companies justified the combination by saying that the power of so-called "click-to-call" services to convert shoppers into buyers represents a far more lucrative form of selling proposition than advertising can. Skype also plans to add video calling and other features to its software.

The deal is expected to complete in the fourth quarter.


Previous
Next
S. Korean Music Industry Sues 1,985 Internet File-Sharing Users        All News        Nanotech To Enable 100GB Solid State Memory
S. Korean Music Industry Sues 1,985 Internet File-Sharing Users     General Computing News      Nanotech To Enable 100GB Solid State Memory

Get RSS feed Easy Print E-Mail this Message

Related News
Outlook.com Integrates Skype
Skype for Windows 8 Updated
Skype Offers Video Messaging Trial
Latest Skype Is Connected With Outlook
Skype For Android Tablets Released
Skype Introduces Gift Cards
Skype Tackles Hack Vulnerability (updated)
Skype for Windows Phone 8 Preview Relased
Skype Launches Online Community Network For Small Businesses
Skype To Replace Messenger
Skype for Windows 8 Unveiled
New Logo For eBay

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2013 - All rights reserved -
Privacy policy - Contact Us .