EBay overpaid for firm: Skype co-founder
Well I guess after that hiccup they had a couple months ago…
EBay said last week it would cut as much as $1.2 billion off the $4.3 billion potential price it agreed to pay for Web-based phone-calling service Skype two years ago.
The writedown on the value of the deal came as eBay said Skype co-founders Niklas Zennstrom and Janus Friis had resigned as executives, and marked a tacit admission of lackluster returns from Skype since eBay acquired it two years ago.
The cofounders stepped down before reaching earn-out targets in 2008 and 2009, but Zennstrom would not say whether that meant he would have definitely have missed them.
