Tuesday, October 9, 2007

CE-Oh no he didn't! Part XLVI: Skype's former CEO admits eBay paid too much

Filed under:

Apparently former Skype CEO and co-founder Niklas Zennstrom isn't just one to take the money and run. No, he found time in his busy schedule to confess that eBay payed too much for Skype, which is something that's become increasingly evident to eBay in the past months: the company is cutting up to $1.2 billion off the $4.3 billion potential price it agreed to with Skype two years ago. "We had to chart the trajectory of growth and how fast that would run, (but) we found out that was a bit front-loaded," said Zennstrom. "We overshot in terms of monetization ... Our position in the market has strengthened ... you need to look at the long-term value of companies." Seems a little odd for Niklas to be preaching it to eBay in this scenario, but perhaps he just wanted to clear his name now that Joost has gone public and is potentially looking of suitors. He wouldn't predict if Skype could've made its original goals if he had stuck around until 2009, but somehow we doubt it.


[via] Engadget

No comments: