A technology blog for The Economist Group IT team

Monday, September 12, 2005

VOIP becomes very expensive

The purchase of Skype by eBay for $2.6bn was confirmed today (you read it first here last week). Quite why eBay needs to own a telco stumps me, though. $2.6bn buys an awful lot of phone calls if eBay really feels it needs to provide a telephony service for it's customers. With profits of $7m last year Skype is hardly going to provide a lot of cash any time soon and when it does it'll find itself in competition with the likes of Yahoo!, Google and Microsoft. Looking forward to see what The Economist's take will be!
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