What goes around, comes around

Skype spins off from eBay for $2.75bn – in my opinion that is actuallly not bad. Yes, eBay paid 3.1bn when they acquired it in 2005, so they nominally lose 350k, but they:

  • get some cash (was there ever a time where cash was more king than now ?)
  • get rid of a not-so-profitable business
  • get rid of a business whose connection with the rest of the company I never understood

and Skype gets probably a freer rein to develop itself like it has not done in the last four years.

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