Skip to search.
Make Y! My Homepage
 
  1. Drag the "Y!" and drop it onto the "Home" icon.
  2. Select "Yes" from the pop up window.
  3. Nothing, you're done.

If this didn't work for you see detailed instructions

Close this window

Skype IPO!

Posted Apr 14, 2009 05:01pm EDT by Henry Blodget in Investing, Venture Capital, M and A, IPOs, Recession
Related: ebay, ^ixic

From The Business Insider, April 14, 2009:

eBay is finally dumping Skype...on the public market!  Specifically, it's planning to spin the company out in an IPO next year. 

(In the meantime, by announcing the deal now, it can get investors excited about the separation and try to goad potential acquirers into ponying up and buying Skype outright--which is presumably part of the thinking here.)

Either way, the spin is good news for eBay investors.  eBay never should have bought the thing in the first place.  Now it can drop it, collect some cash, and focus on its core business.

If Skype ends up going public, meanwhile, it's also good news for public-market investors, who haven't had much to be excited about in the past couple of years.  Skype's a great company, and it's been hidden inside eBay forever.  Now we'll get to look at it in detail.

Click here for the release. 

For more coverage, go to The Business Insider.

Go to Tech Ticker

There are no comments yet

Post a comment

Sign in to post a comment, or Sign up for a free account.
Quotes delayed, except where indicated otherwise. Delay times are 15 mins for NASDAQ, NYSE and Amex. See also delay times for other exchanges.

Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quotes are delayed at least 15 minutes for NASDAQ, NYSE and Amex. See also delay times for other exchanges. Real-Time continuous streaming quotes are available through our premium service. You may turn streaming quotes on or off. Fundamental company data provided by Capital IQ. Financials data provided by Edgar Online. Historical chart data and daily updates provided by Commodity Systems, Inc. (CSI). International historical chart data, daily updates, fund summary, fund performance, dividend data and Morningstar Index data provided by Morningstar, Inc. Analyst estimates data provided by Thomson Financial Network. All data provided by Thomson Financial Network is based solely upon research information provided by third party analysts. Yahoo! has not reviewed, and in no way endorses the validity of such data. Yahoo! and ThomsonFN shall not be liable for any actions taken in reliance thereon. All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Neither Yahoo! nor any of independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. By accessing the Yahoo! site, you agree not to redistribute the information found therein.