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On September 12, 2005 eBay purchased Skype International. Skype is a UK based telecommunication company specializing in free phone call over the internet. Skype has grown dramatically in the last few years and thus became a lucrative company for eBay to purchase. eBay is an online auction website that operates throughout the world. eBay and Skype have nothing in common except for the fact that both are online companies. eBay is saying they want to expand the services for their customers so that the sellers and buyers would be able to contact one another during the auction or after. eBay pulled off a similar deal in 2002 purchasing an online based payment service, PayPal. In the recent years both have grown exponentially. Even though eBay is very confident that this will work, their stock dropped by 5% after the news. The question remains whether eBay has overpaid for a business that has not turned a profit. Meg Whitman is confident that all will be well.
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Title: eba, Skype Deal Challenges Rivals
Approximate Word Count: 321
Approximate Pages: 2 (250 words per double-spaced page)
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eb, Skype Deal Challenges Rivals
eBay, Skype Deal Challenges Rivals. On September 12, 2005 eBay purchased
Skype International. Skype is a UK based telecommunication ... ...



