SAN FRANCISCO (Reuters) - EBay Inc EBAY said on Thursday it had completed its sale of its Skype unit, as it had vowed to do before the end of the year.A settlement reached earlier this month over pending litigation involving the web telephone services' founders, eBay and the buyers cleared...
For some time it's been clear that eBay needed to dump Skype, the VoIP service for which it paid $2.75 billion in an acquisition that made no sense then and seemed even crazier as time went on. So little surprise when eBay announced a deal in September. But there was...
Question-and-Answer Session Operator Operator Instructions We will begin with Mark Mahaney at Citi. Mark Mahaney - Citi Two questions -- first on the payments margins, can you talk about how we should think about those going forward? Once they anniversary, once you anniversary the acquisition of Bill Me...
Internet calling firm Skype is reportedly in negotiations to buy voice-over-IP VoIP startup Gizmo5 in a bid to substitute Gizmo5’s technology for its current peer-to-peer (P2P) system. Skype’s P2P technology is the subject of a legal wrangle between the company and its founders, Niklas Zennstrom and Janus Friis, who...
General Motors quietly ended its deal to sell new vehicles in California only through eBay Motors� yesterday. Neither GM nor eBay will say how many cars were sold in the program, but GM said it wasnâ��t canceled because it was a failure. But regardless of whether it will...
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DailyFinance: Firsthand reports from 24/7 Wall St. and social media information website Mashable say the the search function of eBay (EBAY) was down for several hours on Saturday. The search feature is critical to aiding shoppers in finding products, and ... Read more
San Jose,
Calif. - Nearly three months
after first announcing the deal, online auction giant eBay (NASD: EBAY) said that it has
completed the sale of a majority stake in its Skype Internet telephone business
to an investment group headed by Silver Lake Partners. Under the deal, the
investor group -- which also included Joltid Limited, the Canada Pension Plan
Investment Board and Andreessen Horowitz -- paid $1.9 billion and a $125
million note in exchange for a 70% stake in the unit.
This is an update of our "How's the Economy Doing" periodic series. As a reminder, while our our investment strategy focuses on bottom-up analysis of individual companies, we think awareness of overall macroeconomic conditions is helpful since trends that may impact certain companies or sectors. As always, divergent views exist on where the Market and economy are headed. For example, we published our recent "Time to Go to Cash".... Or is It? article on SeekingAlpha.com (here) and had a number of bearish comments.[More...]
Discovery Networks has been on our radar screen for some time. We have missed several opportunities to grab the stock and it kept on moving higher. This time we are looking at the news of Oprah’s move as providing significant upside for the network. It is really a big confirmation for the cable operators (We [...]
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eBay has just announced that it has completed the sale of Skype, valuing the company at $2.75 billion. The investor consortium who is the buying party and will control an approximately 70 percent stake is a group led by Silver Lake and includes Joltid (i.e. the group founded by Skype's founders) and certain affiliated parties, the Canada Pension Plan Investment Board and Andreessen Horowitz.
As previously announced, eBay received approximately $1.9 billion in cash and a note from the buyer in the principal amount of $125 million. The company retained an approximately 30 percent equity investment in Skype. The company also purchased senior debt securities with a face value of $50 million as part of a Skype debt financing.
Wal-Mart (WMT) has become more aggressive than ever, looking to take market share (assuming there is viable competition after this move) during this holiday shopping season. Dropping prices on key goods and expanding their product offerings were just the start. Now they have started to slash prices on selected items in an effort to lure [...]
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I've often argued that if eBay leaves its roots and becomes essentially a fixed-price mall that competed squarely with Amazon, that they may lose that battle. The key is if they can do both - keep the unique and quirky stuff while adding in the fixed-price stuff.[More...]
Discovery Networks has been on our radar screen for some time. We have missed several opportunities to grab the stock and it kept on moving higher. This time we are looking at the news of Oprah’s move as providing significant upside for the network. It is really a big confirmation for the cable operators (We [...]
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Wal-Mart (WMT) has become more aggressive than ever, looking to take market share (assuming there is viable competition after this move) during this holiday shopping season. Dropping prices on key goods and expanding their product offerings were just the start. Now they have started to slash prices on selected items in an effort to lure [...]
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Last week we had a look at the Johnson Redbook numbers that showed a slowdown in sales. This week we are seeing another rise in the comparative numbers, but strip out autos that could be leftover from the cash-for-clunkers. Of course some is the demand from Asia.
The first chart shows just how much the inclusion [...]
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The internet is everywhere and we are so connected that it would be a horror not to travel without a laptop or other form of device that could have me access email whenever I got the urge. Crackberrys, iPhones and netbooks. Now, Dan Lyons of Newsweek is stirring up the debate as to whether we [...]
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We are regularly watching the trends in the retail sector. It has been a real treat to watch as these companies are on the front line with the consumer. What we are noticing is the continued shift by the consumer.
There was a mixed bag of results from the retailers and some of the apparel manufactures [...]
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