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EBay eats $1.5 billion on Skype

Posted by Steve Safran on October 2, 2007

It turns out that it’s hard to make money giving away free phone calls. EBay, which paid $2.6 billion for Skype in 2005, admits it kinda overpaid. EBay is taking a $1.43 billion charge and is canning Skype co-founders Niklas Zennström and Janus Friis – but giving them and former Skype shareholders about $500 million in the process.

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