Great Deal
EBay Inc. has agreed to buy Internet phone-calling phenomenon Skype for up to $4.1 billion, tapping a hot source of growth and putting it into rising competition with rivals from Google to local phone company.
EBay said on Monday it will pay $1.3 billion in cash and $1.3 billion in stock for explosively growing Skype, which will allow eBay to add free Web telephone calls to its online auctions. It will make a further payout of up to $1.5 billion if certain financial targets are met.
posted by mayanktoc at 10:40 PM
3 Comments:
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