Niklas Zennstrom and Janus Friis Want to Buy Back Skype
4:01 AM Posted by Guru
The founders of Skype Niklas Zennstrom and Janus Friis want to buy back the internet calling services firm from eBay. Skype was sold to eBay in 2005 at a total price tag of $3.1 billion. At this moment they have some other trick to play by buying it back from eBay. For the said purpose, both are busy in contacting different private equity firms to pool up the required resources. It is worth mentioning here that Skype accounts for approximately 8% of International calling minutes worldwide with a quarterly revenues of approx $145 million in last quarter of 2008. According to the details:Skype's user base has grown from 53 million in 2005 to over 405 million today. The company became the world's largest long distance operator by minutes served in 2008 – accounting for 8% of all international traffic – and took in $145 million in revenue in Q4 alone.
But eBay has admitted that Skype doesn't fit well with its other businesses, and its CEO has repeatedly indicated his willingness to sell.
Skype's new iPhone app was downloaded more than a million times in less than two days, but some of the largest European and US operators have threatened to block the app.
Source: Telecomasia
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