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Skype Not Pulling It’s Own Weight
Business Week and the Wall Street Journal are all over eBays latest word on Skype”and that looks to be Whoops. After paying $1.3 billion cash…
…and $1.3 billion stock two years ago, eBay is regretting its decision and partnering with Skype rival Jajah.
eBay reports that theyll be taking a 3rd quarter impairment charge of $1.4 billion. (An impairment charge, according to Investopedia, is the new term for writing off worthless goodwill. Did not know that!) Skypes division head and co-founder, Niklas Zennstrom, is stepping down, with eBays Chief Strategy Officer, Michael van Swaaij, taking his place.
From the WSJ:
“EBay acknowledged that Skype has been disappointing, with spokesman Hani Durzy noting that the business hasnt performed as well as wed expected. But he added that Skype remains an extremely valuable asset. . . .”
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