Pakistanis angry over detentions in Times Sq. case Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They
AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e
BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German
Minister seeks closure of anti-Berlusconi websites Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who
By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an
My Profile
Top News
Reuters top ten news stories delivered to your inbox each day.
Subscribe
You are here:
Home
>
News
>
Technology
>
Article
Home
Business & Finance
News
U.S.
Politics
International
Technology
Internet
Entertainment
Sports
Lifestyle
Oddly Enough
Health
Science
Special Coverage
Video
Pictures
Your View
The Great Debate
Blogs
Weather
Reader Feedback
Do More With Reuters
RSS
Widgets
Mobile
Podcasts
Newsletters
Your View
Make Reuters My Homepage
Partner Services
CareerBuilder
Affiliate Network
Professional Products
Support (Customer Zone)
Reuters Media
Financial Products
About Thomson Reuters
EBay says $2 billion price tag "low" for Skype
Wed May 6, 2009 2:28pm EDT
Email | Print |
Share
| Reprints | Single Page
[-]
Text
[+]
By Sarah Morris
BARCELONA (Reuters) - A price valuation of $2 billion would be low for Skype, the chief executive of parent eBay Inc said on Wednesday.
San Jose-based eBay said last month it would spin off the Internet phone call company through an initial public offering by the first half of 2010. Analysts have said Skype could fetch $2 billion, compared with the $2.6 billion which eBay paid for it in 2005.
Asked on the sidelines of a retail conference in Barcelona about a $2 billion tag, Chief Executive John Donahoe said: "I think that's low."
Donahoe declined to publicly state the minimum valuation the company wants for Skype, adding only: "I think it's worth a lot and I think the numbers speak for themselves.
"There are not many properties that have that kind of growth."
Skype co-founders Niklas Zennstrom and Janus Friis have contacted several private equity firms in an effort to launch a bid to buy back their old business, sources have said.
Asked whether eBay has been approached by interested bidders, Donahoe declined to comment.
"I'm the CEO of a publicly listed company. We'd have to look at any inquiry seriously and we would," he said.
In a presentation to the conference, Donahoe said the five-year-old Skype now has 400 million users.
He said Skype was made available on Apple Inc's iPhone three weeks ago. "Within 24 hours it was the largest application on the iPhone in 40 countries," said Donahoe.
"Three weeks later, it's downloaded on 10 percent of the iPhones."
Donahoe said eBay believes e-commerce will grow to 15-20 percent of total retail from its current level of 5 percent.
"Consumers will actually press the buy button online 15-20 percent of the time," he said.
Last month, eBay posted first-quarter net profit of $357 million, down from $460 million, as the company was hit by a stronger U.S. dollar affecting international sales and a waning global economy squeezing its core auction business.
Donahoe said the firm had first noticed the impact from consumers tightening their belts in May 2008, with the impact on business spreading from the United States and the UK to other parts of Europe. Continued...
View article on single page
Share:
Del.icio.us
Digg
Mixx
Yahoo!
Facebook
LinkedIn
Next Article:
Officials, Craigslist meet to discuss illegal ads
Also On Reuters
Flu communicators face tweets, fans and zombies
First U.S. face transplant recipient is thankful
Full Coverage: Afghanistan, Pakistan -- fighting the Taliban
More Technology News
Amazon launches larger-screen Kindle
Officials, Craigslist meet to discuss illegal ads
RIM chief bids for NHL's Coyotes
FTC looks at Google-Apple board ties: report
Disney looks beyond traditional studio model
More Technology News...
Editor's Choice
Slideshow
A selection of our best photos from the past 24 hours. Slideshow
Most Popular on Reuters
Articles
Video
Afghanistan's only pig quarantined in flu fear
Pentagon to create 20,000 jobs to manage arms buys
"Star Trek" aims to stun fans
Israel would inform, not ask U.S. before hitting Iran
U.S. reports 642 new H1N1 flu cases
Mexico stirs to life, flu hits Sweden and Poland
Big banks need capital under stress tests
GM details plans to wipe out current shareholders
Bank of America to need $34 billion in capital: source
Big banks need capital under stress tests
Most Popular Articles RSS Feed
Video
Face transplant recipient revealed
Briton gets "best job in the world"
Burger run for Obama and Biden
Bernanke sees ray of light
Talk of the Town: Dom Deluise dies
Investors await stress test results
Chancellor Merkel underwear
Seal products ban in EU
Bomb hits Baghdad vegetable market
Video shows Somali pirate attack
Most Popular Videos RSS Feed
Reuters Deals
The global destination for corporate leaders, deal-makers and innovators
Knowledge to Act
Reuters.com:
Help and Contact Us |
Advertise With Us |
Mobile |
Newsletters |
RSS |
Interactive TV |
Labs |
Archive |
Site Index |
Video Index
Thomson Reuters Corporate:
Copyright |
Disclaimer |
Privacy |
Professional Products |
Professional Products Support |
About Thomson Reuters |
Careers
International Editions:
Africa |
Arabic |
Argentina |
Brazil |
Canada |
China |
France |
Germany |
India |
Italy |
Japan |
Latin America |
Mexico |
Russia |
Spain |
United Kingdom |
United States
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.