eBay Inc. (Nasdaq: EBAY) today announced that it plans to separate Skype from the company, beginning with an initial public offering that is intended to be completed in the first half of 2010.
"EBay plans IPO for Skype, citing limited synergies"<p><a href="http://www.physorg.com/news158949373.html" rel="nofollow">http://www.physorg.com/news158949373.html</a><p>Captain Obvious called, wants his headline back.<p>I'm surely not the only one who thought the Skype acquisition by eBay was a huge WTF. Now they are forced to admit it.
This has huge implications for european entrepreneurs. My Angle is that this great news for them. EU startups will be the dark horse in this new market reality. Right now EU startups need more zero and early stage financing. Skype will be the EU bellweather over there. Congrats to Josh and his team for executing like a startup and not letting a corporate structure stop them from doing great.