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Down the line
Online auction firm EBay has conceded that it paid too much for internet telephony service Skype - dramatically writing down the value of its investment.
The firm said Skype was worth $900 million (450m) less than it paid for it and set aside $530m to meet future pay-outs to some shareholders. Together that amounts to a loss of value of $1.43 billion, compared with the $2.6bn paid for Skype in 2005.
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Saturday 26 May 2012
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