posted on Sep, 12 2005 @ 02:02 PM
Online auction site eBay has agreed to buy internet telephone company Skype Technologies in a $2.6bn (£1.4bn) deal. eBay said it would pay half the
amount in cash and the other half in stocks to create "an unparalleled e-commerce and communications engine". Skype's software lets PC users talk
to each other for free and make cut-price calls to mobiles and landlines.
"Communications is at the heart of e-commerce and community," said eBay chief executive Meg Whitman.
"By combining the two leading e-commerce franchises, eBay and PayPal, with the leader in internet voice communications, we will create an
extraordinarily powerful environment for business on the net."
The company said the move would "strengthen eBay's global marketplace and payments platform, while opening several new lines of business".
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The 'ebay age' has come!
With the current growth of ebay and the fact that they have started to branch out there doesnt seem to be anything that could stop the growth of
Not long until ebay is bigger than Microsoft then????
[edit on 27-9-2005 by DJDOHBOY]