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Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Skype files to sell shares at up to 100 million dollars AFP - Tuesday, August 10 Send IM Story Print Skype files to sell shares at up to 100 million dollars Slideshow: Full Photo Coverage: Internet Portals & Search Engines NEW YORK (AFP) - – Internet communications giant Skype on Monday announced plans to raise up to 100 million dollars in shares by listing on the NASDAQ stock exchange. The Luxembourg-based firm filed a request to sell an unspecified number of American depository shares on the technology stock exchange in an initial public offering. Skype, which allows users to have online phone, video and text conversations, however did not say when its shares would be floated or at what price. Online auction giant eBay late last year sold a majority stake at Skype for some two billion dollars to a group of investors that included the two founders of the company. The deal valued Skype at 2.75 billion dollars. EBay shares were up by more than two percent on Monday. According to its registration statement, Skype had generated 406 million dollars of net revenues in the first half of 2010 and counted 560 million registered users. The firm, which has its headquarters in Luxembourg and was founded in 2003, bypasses the standard telephone network by channeling voice and video calls over the Internet. It allows users to call others free of charge and provides the ability to connect with land lines or mobile devices at low rates. Recommend Send IM Story Print Related Articles Google-Verizon nix 'net neutrality' for wireless AFP - 15 minutes ago US-TECH Summary Reuters - 1 hour 25 minutes ago Verizon and Google propose Web traffic rules Reuters - 1 hour 25 minutes ago Iranian journalist Akbar Ganji named 'press freedom hero' AFP - 2 hours 12 minutes ago Saudi telecoms test fix to avert BlackBerry ban Reuters - Tuesday, August 10 News Search Top Stories Putin cuts Russia harvest forecast BP pays three billion dollars into oil spill fund Campbell said she got diamond from Taylor: Farrow BP oil spill response costs hit $6.1 bln German trade data bodes well for European growth More Top Stories » Related Full Coverage Internet Portals & Search EnginesLatest development in the online world All Full Coverage » ADVERTISEMENT Most Popular Most Viewed Most Recommended Sauna contest in Finland cut short as Russian dies Massive ice island breaks off Greenland glacier Campbell said she got diamond from Taylor: Farrow BP spends $6.1 bln on Gulf spill response Former HP boss reaches settlement with accuser More Most Viewed » Argentine students crack three-decade-old murder mystery 40 US billionaires pledge half wealth to charity World's first full face transplant man appears on TV Calcium supplements linked to heart attacks: study Massive ice island breaks off Greenland glacier More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Asia Entertainment Photos World Cup 2010

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