RTFA: http://business.timesonline.co.uk/tol/business/ind…
EBay, the internet auction site, admitted yesterday that it had overpaid
hugely for Skype, the internet telephone company.It also said that Niklas Zennstrom, Skype’s founder, would step down as chief
executive of Skype to become nonexecutive chairman.He has resigned from the role before his permanent successor has been hired.
The online auctioneer has cut bonuses due to Mr Zennstrom and others by 60 per
cent because it was so disappointed by Skype’s performance.EBay bought Skype in 2005 for $2.6 billion. Yesterday it warned shareholders
that it would have to take an impairment charge of $900 million (£450
million) because it had valued the group too highly two years ago.
Damn… well, it sounded good at the time.
older post
No, though it's a kindof funny thought. I figured I'd make a note here: I replied about this to...
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