![]() ![]() ![]() Talk about a giant swing and miss by eBay! What Happened? Like always, there are lessons to be learned in disastrous business deals.ġ. To add injury to insult, Microsoft would later buy Skype for $8.5 billion, two years after eBay’s sell. Two years after that, eBay would sell 65% of Skype for $1.9 billion to a group of private investors. What could go wrong? Two years later, eBay writes down the value of Skype by $1.4 billion. A lot of these companies were merging or being purchased by each other and they thought these mergers were a good idea.īigger was better, was the universal theory. Both were darlings of the early 2000s Tech industry. Skype could tap into eBay’s vast customer base and provide them its Voice over Internet Protocol services (VOIP). ![]() The purchase allows eBay to move into new business areas. The move was seen as a win-win for both companies. On September 12, 2005, eBay agreed to buy Skype for $2.6 billion. ![]()
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