EBay CEO admits firm may sell off Skype

EBay will consider selling off its Skype internet phone subsidiary if it fails to find real synergies with its core e-commerce business, reports the Financial Times.

EBay will consider selling off its Skype internet phone subsidiary if it fails to find real synergies with its core e-commerce business, reports the Financial Times.

EBay has already slashed the book value of Skype since buying the firm three years ago, and has been disappointed at failing to find any real integration with its core trading business - something critics of the acquisition cited at the time of the deal.

John Donahoe, who took over as chief executive of eBay last month, told the FT, "What we're testing this year are the synergies. If the synergies are strong, we'll keep it in our portfolio. If not, we'll reassess it." He said, "What we know is that Skype is a great stand-alone business."

Despite a lack of integration with eBay, Skype has continued to pile on the subscribers.

>> Ebay to acquire skype for up to $2.4bn

>> Skype buys Camino to develop new voice services




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