eBay closes Skype deal
eBay has completed its previously announced acquisition of Skype.
Under the deal, eBay has acquired all outstanding shares of closely-held Skype for about $2.5 billion, plus potential performance-based consideration. The up-front portion of the deal includes $1.3 million in cash and 32.8 million shares of eBay stock.
Analysts have recently questioned how the deal will affect the cable industry.
Richard Greenfield of Fulcrum Global Partners LLC said cable operators could have trouble sustaining present VoIP price points if "free" software-based VoIP technology continues to catch on.