Feeds

eBay close to Skype sale

Hanging up on VoIP

Build a business case: developing custom apps

eBay is close to getting shot of Skype - the VoIP phone service it paid $2.6bn for in 2005.

The deal didn't make sense at the time, and eBay has never managed to integrate the technology into its core auction business. Meg Whitman's claim that the combination of the online tat bazaar and PayPal and Skype would "create an unparalleled engine for ecommerce and communications around the world" never really materialised.

Including payouts to the founders, the bill went over $3bn and eBay was forced to write off almost a billion of this valuation.

The VoIP business will be sold to a posse of private equity firms, including Silver Lake Partners and Netscape founder Marc Andreesen's investment business. Index Ventures also gets a mention in the New York Times. The paper reckons the sale could be announced later today.

Any deal will have to wrestle with an ongoing legal dispute between eBay and a company run by Skype's founders called Joltid which provides the Voip firm's encyrption technology. In July eBay told financial regulators it was looking to create technology to replace Joltid's, but that such a process would be expensive and might ultimately fail. ®

Secure remote control for conventional and virtual desktops

More from The Register

next story
Canadian ISP Shaw falls over with 'routing' sickness
How sure are you of cloud computing now?
UK fuzz want PINCODES on ALL mobile phones
Met Police calls for mandatory passwords on all new mobes
Don't call it throttling: Ericsson 'priority' tech gives users their own slice of spectrum
Actually it's a nifty trick - at least you'll pay for what you get
Three floats Jolla in Hong Kong: Says Sailfish is '3rd option'
Network throws hat into ring with Linux-powered handsets
Fifteen zero days found in hacker router comp romp
Four routers rooted in SOHOpelessly Broken challenge
New Sprint CEO says he will lower axe on staff – but prices come first
'Very disruptive' new rates to be revealed next week
PwC says US biz lagging in Internet of Things
Grass is greener in Asia, say the sensors
Ofcom sees RISE OF THE MACHINE-to-machine cell comms
Study spots 9% growth in IoT m2m mobile data connections
O2 vs Vodafone: Mobe firms grab for GCHQ, gov.uk security badge
No, the spooks love US best, say rival firms
Ancient pager tech SMS: It works, it's fab, but wow, get a load of that incoming SPAM
Networks' main issue: they don't know how it works, says expert
prev story

Whitepapers

Endpoint data privacy in the cloud is easier than you think
Innovations in encryption and storage resolve issues of data privacy and key requirements for companies to look for in a solution.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
Solving today's distributed Big Data backup challenges
Enable IT efficiency and allow a firm to access and reuse corporate information for competitive advantage, ultimately changing business outcomes.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.