update eBay plans to buy Net telephone provider Skype in a move aimed at boosting its sales volumes and supplying seamless voice communications to its consumers.
Company executives said Monday that eBay plans to pay $1.3 billion in cash and $1.3 billion in stock to the global communications company. It has agreed to hand over up to an extra $1.5 billion, for a total payout of more than $4 billion, if Skype meets certain financial targets by 2008, according to a presentation to investors on Monday morning.
The move, expected to be complete by the end of the fourth quarter, marks the biggest acquisition in eBay's 10-year history. In another big-time merger, eBay acquired online payments company PayPal in 2002 for about $1.5 billion. It more recently picked up Shopping.com for $620 million in cash.
Tuesday, September 13, 2005
eBay to nab Skype for $2.6 billion | CNET News.com
eBay to nab Skype for $2.6 billion | CNET News.com:
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