EBay paying up to $4 bln for Web phone firm Skype
14th Sep 2005, 04:33 GMT
SAN FRANCISCO, Sept 12 - EBay EBAY.O has agreed to buy fast-growing Internet start-up Skype for up to $4.1 billion (2.25 billion pounds) in cash and shares, in a move to tap new sources of growth and add free Web telephone calls to its online auctions.
Latest news from Reuters: Business:
- BA ups stakes in bed wars
- AMEC spurns bid approach from private equity team
- Resolution eyes options for future
- Stricter savings-club rules seen after Farepak
- Airbus to outsource 1.84 bln pounds of new work
- Supermarkets rapped on food packaging
- British defence ministry seeks delay in KBR IPO
- Dell buys ACS to expand UK technology consulting
- Anglo American eyes China coal-to-energy project
- Barrick in approach for European Goldfields - paper