Skype initial public offering next year
April 15th, 2009 Leave a comment Visited 21 times, 1 so far today
Skype initial public offering next year
US based online auction company eBay has announced that they are going to separate Skype from their operations.
They are planning to launch an IPO for this unit sometime next year.
eBay said that the timing of the IPO launch would depend upon prevailing market conditions.
eBay CEO John Donahoe spoke about this decision: “Skype is a great stand-alone business with strong fundamentals and accelerating momentum. But it’s clear that Skype has limited synergies with eBay and PayPal. We believe operating Skype as a stand-alone publicly traded company is the best path for maximizing its potential. This will give Skype the focus and resources required to continue its growth and effectively compete in online voice and video communications. In addition, separating Skype will allow eBay to focus entirely on our two core growth engines—e-commerce and online payments—and deliver long-term value to our stockholders.”
eBay has been evaluating Skype and its potential synergies within the eBay for some time now and they have decided to stick to their core business.
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