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EBay planning spin-off of Skype through IPO
Posted: 15-Apr-2009 [Source: Reuters]

[Skype goes on the auction block as EBay plans IPO.]

San Francisco -- "EBay Inc plans to spin off its Skype unit, acknowledging that the Web telephone service does not fit with the rest of the company, in an indictment of former CEO Meg Whitman's acquisition strategy."

"EBay, whose shares rose 3 percent in after-hours trade, said on Tuesday it was planning an initial public offering for Skype by the first half of 2010, a move widely seen as putting a 'for sale' sign on the unit to fetch potential buyers."

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