Skype's Niklas Admits the Obvious "Ebay Overpaid"
Note: I will admit it seemed a tad high but they do have a huge installed user base. I think they should spend some time working on more creative ways to monetize their property without spamming it with ads. (hint hint, contact me).
Skype co-founder Niklas Zennstrom admitted today that eBay's original valuation of Skype was too high, reports Reuters. It may not be a surprise--pundits have been saying as much all last week--but candid admissions are always nice to hear. His comments came at a Hungarian technology conference.
Ebay trimmed as much as $1.2 billion off the $4.3 billion purchase price after certain earn out targets were not met.
Zennstrom added that he believes Skype is growing at a satisfactory pace and that, "You need to look at the long-term value of companies." Alas public companies don't often have that luxury--shareholders want results on a quarterly basis. Zennstrom's other startup, online video purveyor Joost, opened to the public last week.
Source: Wired.com
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Posted to Skype