EBay Plans to Spin Off Skype Via 2010 IPO

EBay (EBAY) this afternoon announced that it plans to spin off Skype via an initial public offering in the first half of 2010. The company said specific timing of the IPO will depend on market conditions. The announcement did not say whether eBay would maintain a stake in the company.

In a statement, eBay CEO John Donahoe said that Skype is “a great stand-alone business with strong fundamentals and accelerating momentum, but that it has “limited synergies with eBay and PayPal.” He adds that operating Skype as a stand-alone company “is the best path for maximizing its potential.”

Read the rest of this post


Must-Reads from other Websites

Panos Mourdoukoutas

Why Apple Should Buy China’s Xiaomi

Paul Graham

What I Didn’t Say

Benjamin Bratton

We Need to Talk About TED

Mat Honan

I, Glasshole: My Year With Google Glass

Chris Ware

All Together Now

Corey S. Powell and Laurie Gwen Shapiro

The Sculpture on the Moon

About Voices

Along with original content and posts from across the Dow Jones network, this section of AllThingsD includes Must-Reads From Other Websites — pieces we’ve read, discussions we’ve followed, stuff we like. Six posts from external sites are included here each weekday, but we only run the headlines. We link to the original sites for the rest. These posts are explicitly labeled, so it’s clear that the content comes from other websites, and for clarity’s sake, all outside posts run against a pink background.

We also solicit original full-length posts and accept some unsolicited submissions.

Read more »