Hedge Fund News From HedgeCo.Net

The rise and fall of Skype

July 5, 2023 : Permanent Link

(CNBC) Skype is not what it was. You may or may not have noticed. The voice, video and messaging app became a hit in the 2000s by letting people talk with friends and family members without paying long-distance fees. In 2005 eBay bought it. That deal didn’t work out as planned, and an investor group led by Silver Lake purchased a majority stake. Microsoft then stepped in, shelling out $8.5 billion for the company in 2011

To read this article:

This entry was posted in Syndicated. Bookmark the permalink.

Comments are closed.

Recent Posts

  1. Stock futures are little changed after major averages post winning session Live updates
  2. DOJ indicates it’s considering Google breakup following monopoly ruling
  3. Activist Starboard acquires $1bn Pfizer stake
  4. Brent crude soars above $80 as hedge fund reverse short bets
  5. Southern Ridges see PM exodus following August losses

Search


Categories