Monday, September 12, 2005

EBay to buy Skype for $4.1 bln - source - Yahoo! News

EBay to buy Skype for $4.1 bln - source - Yahoo! News: "EBay Inc. has agreed to buy the fast-growing Internet start-up Skype in a move to add free voice calls to its online auctions and fuel growth, a source close to the situation said on Monday.
EBay plans to pay $1.3 billion in cash and $1.3 billion in stock for the Internet telephone company and to 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, the source said.
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Spokesmen for eBay and Skype declined to comment. The eBay investor relations site contains a notice of a conference call scheduled to be held at 8:00 a.m. EDT (1200 GMT) on Monday, but provided no details on the nature of the Webcast."
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