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EBay partially undoes Skype deal, selling majority (AP)

September 2nd, 2009 | No Comments | Posted in Aggregator

This came from Yahoo News

The Skype Web page is shown at the home of user Ed Ho in Palo Alto, Calif., Tuesday, Sept. 1, 2009. EBay Inc. is trading control of the online telecommunications service Skype for about $2 billion, reversing a 2005 acquisition that many analysts considered a head scratcher from the beginning. (AP Photo/Paul Sakuma)AP – Rather than enduring the uncertainty of spinning off the Skype telecommunications service through a public stock offering, eBay Inc. has found a different way out: It is selling the majority of Skype for about $2 billion to a group of private investors.

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