| Welcome to WebmasterWorld Guest from 18.104.22.168 |
register, free tools, login, search, pro membership, help, library, announcements, recent posts, open posts,
|Become a Pro Member|
|eBay Reports Quarterly Growth, Partly Driven By Sale of Skype|
| 4:45 pm on Jan 19, 2012 (gmt 0)|
eBay Reports Quarterly Growth, Partly Driven By Sale of Skype [bbc.co.uk]
|The internet auction site eBay has reported a big jump in its quarterly profits. |
Net income for the last three months of 2011 came in at $1.98bn (£1.28bn), up from $559m in the same period last year.
"We had a strong fourth quarter finish to an excellent year," eBay president John Donahoe said in a statement.
EBay said its earnings growth was partly driven by a gain from the sale of its remaining stake in Skype.
Microsoft's $8.5bn acquisition of Skype was announced in May and cleared by competition authorities in October.
| 8:01 pm on Jan 19, 2012 (gmt 0)|
Most people on eBay are reporting drops in sales. Would have to see the detail but I suspect that the sale of Skype and Paypal were the primary drivers for the increased net income.
All trademarks and copyrights held by respective owners. Member comments are owned by the poster.
WebmasterWorld is a Developer Shed Community owned by Jim Boykin.
© Webmaster World 1996-2014 all rights reserved