eBay Wasn’t Completely Wrong in Buying Skype

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October 13, 2007 by Ty Tribble | 0 Comments

Tech News World

Research firm Garter cited several things that eBay “got right” with the $2.6 billion buy of Skype. However, some of the expected synergies from the Skype buy never materialized. “Is Skype a viable entity, is it a valuable?” asked Will Stofega, research manager for VoIP services at IDC. “Yes,” he told the E-Commerce Times. “Is it worth $2.6 billion? Probably not.”

Online marketplace eBay (Nasdaq: EBAY) paid too much for the Internet phone service Skype , but its head was in the right place when it made the buy, according to a report released Tuesday by a major technology research firm.