EBay’s Donahoe Says Changes Could Take Three or Four Years

In the past week, eBay Inc. chief executive John Donahoe has taken steps to divest two businesses, acquire another, and revamp his company’s core e-commerce website. During a call with investors Thursday morning, Donahoe said he thinks an initial public offering for eBay’s Internet-phone unit Skype will best “maximize value,” but he would be open to an unsolicited offer from another company to buy it outright.