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Ebay Successfully Spins Off Skype For $1.9 Billion CashAfter all the legal craziness, eBay (NSDQ: EBAY) has closed its deal to sell control of Skype to an investment group led by Silver Lake for $1.9 billion in cash and a $125 million note. The group acquiring 70 percent of Skype in the deal value... |
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Chegg Raises An Ungodly $112 Million For Online Textbook Rental ServiceLooks like VCs are really loosening their wallets. College textbook rental service Chegg says it has raised a stupendous $57 million in a fourth round of funding. It’s the latest company to pull in a big round this month; RockYou, Motley... |
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eBay Successfully Sells Skype—Gets $1.9 Billion Cash Up FronteBay (NSDQ: EBAY) has closed its deal to sell VoIP service Skype for roughly $2.75 billion. The group of buyers—including Silver Lake, Joltid Limited, Andreessen Horowitz and Skype co-founders Niklas Zennström and Janus Friis—... |
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With Latest Layoffs, AP Hits Goal Of Reducing Payroll By 10 PercentThe Associated Press’ layoffs this week, combined with earlier cuts, have trimmed payroll costs by 10 percent, the wire service said in a statement. The final tally of the layoffs was 90 news department staffers, the AP said. About 71 jo... |
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Mozilla's Revenue Growth Slows; No Firefox OS ComingRevenue growth at Firefox-owner The Mozilla Foundation is slowing. Chairwoman Mitchell Baker said in her annual “state of Mozilla” letter that the foundation’s revenue—which it generates primarily from its deal to make ... |
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eBook Distributor Smashwords Buys Online Self-Publisher BookHabitSmashwords, which was one of the first eBook distributors to be have its self-publishing platform included in the new Sony (NYSE: SNE) digital bookstore, has acquired author community site Bookhabit. Terms weren’t disclosed, but a source... |
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