EBay announces Skype spin-off plan

EBay announces Skype spin-off plan

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SAN FRANCISCO - Online auction house eBay said Tuesday that it plans to spin off its online telephony business Skype via an initial public offering by the middle of next year.

The announcement was seen as an admission by the auction powerhouse that its $2.6-billion purchase of Skype in 2005 had not worked out as expected. [...]

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