eBay to buy Skype in $2.6bn deal
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Online auction site eBay has finally agreed to buy internet phone (VOIP) firm Skype in a deal worth $2.6bn (1.4bn). Not a bad deal considering Skype offers free VOIP calls to other Skype users.
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. Other players in the online phone market include computer giants such as Google, Microsoft, AOL and Yahoo.
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