eBay (EBAY) Higher After Skype IPO, Holds 35% Interest
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Shares of eBay (Nasdaq: EBAY) are higher following the $100 million IPO filing of past subsidiary Skype.
eBay sold Skype to an investment group led by Silver Lake in September 2009 for about $2 billion, but retained an approximately 35 percent equity investment in Skype.
Shares of eBay are up 2.7 percent to $22.05.
eBay sold Skype to an investment group led by Silver Lake in September 2009 for about $2 billion, but retained an approximately 35 percent equity investment in Skype.
Shares of eBay are up 2.7 percent to $22.05.
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