No Idea What To Do With It? Perhaps You Shouldn’t Buy It

Mon, Jan 26th, 2009

Rumor has it that eBay is looking to sell Skype. The rumor is based on the fact that eBay’s chief exec John Donahoe basically said they’re not sure how to fit Skype with their other services.

“The synergies between Skype and the other parts of our portfolio are minimal. We’re going to continue to run and operate the business. It’s not a distraction currently. And at such time when we have further announcements on that, we’ll let you know,” he said. Now, put that together with what he’d said earlier, talking about the company’s plans for 2008: "If the synergies are strong, we’ll keep [Skype] in our portfolio. If not, we’ll reassess it."

So, Sykpe’s not a distraction? eBay cashed out $2.6 billion dollars for Skype. True, Skype has been doing well (despite some hiccups) and eBay may be looking to sell it at a higher price, but I doubt they’ll be able to do that during recession, and after they themselves admitted the price was too high.

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