EBay said Wednesday that its plans to offload Skype continued to progress, although executives notably did not refer to the possibility of an IPO, instead talking about “plans to separate” the business. In April, eBay (NSDQ: EBAY) said it would spin off Skype in an IPO during the first half of next year. The company later indicated, however, that it remained open to selling Skype to another party. EBay has been mired in litigation with Skype’s two founders over the rights to the peer-to-peer infrastructure behind Skype and there’s been speculation that the legal troubles could get in the way of an IPO and make a sale more likely.
Skype continues to post strong numbers—a contrast to eBay’s core marketplace business. The unit’s revenue increased 25 percent during the quarter to $170 million. Skype added 37.3 million users, bringing its total number of registered users to 480.5 million.
Overall, eBay’s net income fell 29 percent, as the company’s auction business continued to post declining sales. Net revenue fell 4 percent. But executives said that the marketplace unit was stabilizing, pointing out that its decline in revenue had slowed. “We know we still have a long way to go,” said CEO John Donahoe. Release.
|2Q 2008||2Q 2009||Estimate|
By Joseph Tartakoff
Right Rail - Video Promo - Listing
Right Rail - Video Promo - Listing
Composer John Williams
Composer John Williams is one of America's most celebrated musical talents – the best-known creator of music for films. He has written the scores for such revered classics as "Jaws," "Star Wars," "Superman" and "Schindler's List," and is returning to the "Star Wars" universe with the upcoming "Episode IX: The Rise of Skywalker." Correspondent Tracy Smith talks with Williams, and with violinist Anne-Sophie Mutter, who collaborated with the composer on a new album of works for violin and orchestra adapted from his film scores, "Across the Stars."
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The cast, and the castle, of the internationally-popular TV series about the upper-class Crawleys and their working-class servants are back, this time in a theatrical feature. Elizabeth Palmer visits Highclere Castle, famous as the location of Downton Abbey, and talks to the series' creator, Julian Fellowes, and cast members returning for the new motion picture.
Postcard From Patagonia: Creating a national park
Located in the southern tip of Chile, Patagonia National Park is more than half-a-million acres of mountains and valleys, glaciers and grasslands, winding rivers and wild guanacos – and it is part of the largest private land donation in history. Conor Knighton trekked the wilds of the park with Kristine Tompkins, former CEO of the clothing company Patagonia, whose non-profit, Tompkins Conservation, handed over this park to the Chilean government to preserve its wild-ness for generations to come. It's a dream that has been two-and-a-half decades in the making, and the culmination of a remarkable love story.
For The Record: Mark Knopfler
Mark Knopfler says he can't think of anything good about fame, which is one reason he dissolved his hit band, Dire Straits, when they were at the peak of their success in the 1980s. But he continues to make music, most recently with the album "Down the Road Wherever." And as he wraps a tour of America, Knopfler sat down with Anthony Mason to talk about the music he has written, for himself and others, and why he calls it his obsession.
Renée Zellweger on playing Judy Garland
Lee Cowan interviews Oscar-winning actress Renée Zellweger, who after years off-screen is back, starring as Judy Garland struggling to make a career comeback in London as she battled addiction, in the new biopic "Judy."
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Right Rail - Gallery Promo
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