12 April 2009

Er, buy low, sell high?

http://www.bloggingstocks.com/2009/04/12/skype-founders-look-to-make-a-deal-with-ebay/

You have to love the way mergers and acquisitions work. The Skype founders sold Skype to eBay for $3.1 billion and investment bankers collected millions in fees. Now the founders are hoping to buy the company back for far less money and investment bankers will collect millions more in fees. Meanwhile, eBay shareholders have been taken to the cleaners and no value was created.

No comments:

Post a Comment