Skype = failed acquisition for eBay

Skype has been a great product but a crumby acquisition for eBay.

eBay is planning to write down $1.4 billion in Skype-related charges, reports the Wall Street Journal.

The Internet auction giant said the charges include $530 million to complete payments related to its 2005 acquisition of Luxembourg-based Skype. The other roughly $900 million in charges reflect goodwill impairment due to "the updated long-term financial outlook for Skype."

This is too bad, since the Skype service has so much promise, and Skype could fit nicely with someone else. I never could understand the alleged synergies between the two, but now that I'm a happy Skype user, I hope eBay figures out where to put Skype, because it's really quite a good system (better than Vonage, I'm finding).

How about Skype + Cisco? Or Skype + Microsoft, for that matter? Or, really, Skype + anyone besides eBay? :-) Seriously, the deal was driven by hype - it was a case of eBay wanting to buy something hot to juice its then sagging sexiness. It didn't work, but eBay is chugging along, anyway.

Featured Video
6
This content is rated TV-MA, and is for viewers 18 years or older. Are you of age?
Sorry, you are not old enough to view this content.

Man flies 54-propeller superdrone, almost flips it, Ep. 217

This week on Crave, we walk you through a futuristic new automated restaurant in San Francisco, get navigation directions from the sultry voice of Stephen Colbert on Waze, and fly a drone with 54 propellers that can carry a full-grown man. It's the Crave show!

by Stephen Beacham