EBay CEO Continues to Seek Acquisitions
EBay Inc. could use some of the $2.4 billion it will receive from the sale of its remaining 30% stake in Internet-phone provider Skype SARL to make acquisitions and return money to investors through share buybacks, chief executive John Donahoe said in an interview Monday.
Earlier this month Microsoft Corp. agreed to purchase Skype for $8.5 billion–allowing eBay to fully exit the online telephony business it bought in 2005. With the spoils the San Jose, Calif., company will look to expand the services it offers clients.
In particular eBay wants to invest in tools that allow customers to shop, locate goods and compare prices while on the move using their mobile phones.
