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Sunday, 12 April 2009 - Skype founders 'looking to buy back company'
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    Read more with google mobile : Skype founders 'looking to buy back company'

    Yahoo! My Yahoo! Mail Yahoo! Search Search: Sign InNew User? Sign Up News Home - Help Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Search Search: Skype founders 'looking to buy back company' AFP - Sunday, April 12 WASHINGTON (AFP) - - The two founders of Skype are seeking to buy back the hugely popular Internet telephone service that they sold to online auction giant eBay in 2005, according to US media reports. Niklas Zennstrom, from Sweden, and Janus Friis, from Denmark, founded Skype in 2003 and sold it to eBay two years later for 2.6 billion dollars. They are now seeking to raise one billion dollars from private equity firms to re-claim their brainchild, the New York Times reported Friday, citing several people familiar to the matter. eBay would be looking to sell the phone service for at least 1.7 billion dollars, the daily reported. Since its sale the number of Skype users has exploded from 53 million registered users to 405 million users, yet the voice and text company's business model remains modest -- as it relies on mostly free user-to-user calls, its revenue in the 2008 fourth quarter was 145 million dollars. The auction house's chief executive, John Donahoe, has "repeatedly signaled his willingness to sell Skype for the right price," the Times said, noting that it was unclear whether there have been direct negotiations between the parties. In recent weeks Skype enabled Apple iPhone owners to use its service through a free software application. Skype, which has its headquarters in Luxembourg, bypasses the standard telephone network by channeling calls over the Internet. Its service features include being able to call other users free of charge and the ability to connect with land lines or mobile devices at low rates. Email Story IM Story Printable View Blog This Recommend this article 0 users recommend Sign in to recommend this article » Most Recommended Stories » Related Articles: Internet Portals & Search Engines Skype founders 'looking to buy back company'AFP - Sunday, April 12 Microsoft, Yahoo! in search, ad talks: AllThingsDAFP - Saturday, April 11 Charities battle world's woes with technologyAFP - Friday, April 10 French lawmakers reject Internet piracy billAFP - Friday, April 10 Related Articles: Technology Skype founders 'looking to buy back company'AFP - Sunday, April 12 HP appeals patent dispute ruling, takes 2Q chargeAFP - Saturday, April 11 Microsoft, Yahoo! in search, ad talks: AllThingsDAFP - Saturday, April 11 Uproar over 'news story' ad on front page of LA TimesAFP - Saturday, April 11 Charities battle world's woes with technologyAFP - Friday, April 10 Enlarge Photo The two founders of Skype are seeking to buy back the hugely popular Internet telephone service that they sold to online auction giant eBay in 2005, according to US media reports. Related Photos Slideshow Full Photo Coverage: Internet Portals & Search Engines Related Full Coverage Internet Portals & Search Engines Latest development in the online world All Full Coverage Most Popular – Technology Viewed UN sounds warning after Antarctica ice shelf rips French commandos storm yacht Harry Potter actor arrested over cannabis find Selective abortion causes 32mln excess China males World oil glut raises risk of recovery 'crunch': IEA View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Copyright © 2009 Yahoo! Southeast Asia Pte Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Privacy Policy - Terms of Service - Community - Intellectual Property Rights Policy - Help

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