eBay planning Skype IPO by 2010

By Hercules Kataveli, B2P
Published on Tuesday April 14, 2009 at 11:55 pm ET
Updated 05-2-10, 8:32 pm ET

eBay has made it clear that they over paid for Skype and the synergies they were hoping for are just not there.

According to comments made today by eBay CEO Tom Donahoe, he said, “it’s clear that Skype has limited synergies with eBay and PayPal. We believe operating Skype as a stand-alone publicly traded company is the best path…”

According to the company, an IPO will be completed by Q2 2010.

Skype currently has more than 400 million global users, and generated $551 million in total revenue in 2008.

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Hercules holds a B.Comm Finance from Ryerson University in Toronto, Canada. He is a Chartered Financial Analyst (CFA) level 3 candidate. He was previously a contributor at FiLife, a finance website owned by Dow Jones and IAC. Write to [email protected]
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