[star]The American Mind[star]

September 12, 2005

eBay Buys Skype

Ebay buying Skype makes little sense unless Meg Whitman is trying to turn her company into the GE of the internet. Sure, Skype technology will allow some eBay buyers and sellers to better communicate. But she could have just as easily (and more cheaply) partnered with Skype. She didn't have to pay $4.1 billion. This is the first purchase for the company that goes outside the e-commerce zone eBay has dominated. If we see more unusual purchases we'll know if Whitman is trying to become the next Jack Welch.

Engadget interviewed Michael Robinson, CEO of SIPhone, a VoIP competitor. Interesting view of the whole market.

"EBay Set to Acquire Skype Technologies"

Posted by Sean Hackbarth in Economics at 11:42 PM | Comments (0)