The end is nigh

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Pez

The end is nigh
« on: 12 May 2011, 12:55 am »
Quote
Just days after reports that Google and Facebook were interested in partnering with, and possibly buying VoIP company Skype, Microsoft announced that it was buying the company for $8.56 billion in cash.

Last year, Skype had revenue of $860 million on which it posted an operating profit of $264 million. However, overall it made a small loss of $7 million, and had long-term debt of $686 million. This is the second time Skype has been bought out; after being started in 2003, it was purchased by eBay in 2005 for $3.1 billion. EBay then sold the majority of its stake in 2009 to a private investment group for $1.2 billion less than it paid.

http://www.wired.com/epicenter/2011/05/microsoft-buys-skype-2/

Sounds innocuous enough, until you take it to it's logical conclusion:















pjchappy

Re: The end is nigh
« Reply #1 on: 12 May 2011, 01:18 am »
 :rotflmao:

jermmd

Re: The end is nigh
« Reply #2 on: 12 May 2011, 03:30 am »
So a "private investment group" made $6.5 billion profit over 2 years. That's about $9 million per day for 2 years. Nice! I have a neighbor who made about $800 million over 4 years when he bought a washed up company a few years ago. I guess you have to be in it to win it.