By Murad Ahmed January 26, 2009
Speculation is mounting that eBay, the internet auction website, is preparing to sell Skype, its internet telephone company. Industry insiders believe that eBay signalled its intent last week after John Donahue, its chief executive, described Skype as a “great stand-alone business”. This has led to suggestions that eBay would find it relatively easy to part with Skype, if a substantial bid was made. Mr Donahue was speaking to analysts about eBay's disappointing fourth-quarter profits, which had been hit by slowing consumer spending. When asked what was being done by eBay to add shareholder value in Skype, Mr Donahue admitted that “the synergies between Skype and the other parts of our portfolio are minimal. We're going to continue to run and operate the business. It's not a distraction currently. And at such time when we have further announcements on that, we'll let you know.”
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