09 August 2005
Skype...Out?
So, it seems Skype turned down something like $3bn from News Corp. Not their exit strategy then.
I hope they had a good reason or good faith in their future. With IM rivals becoming serious on transmitting more than text (like the new Yahoo!Messenger with voice - more here), it’s a bold bet, especially as it is a game Microsoft is already in.
But then, I haven’t done any research on the subject. My guesses:
- Maybe the 42 million users are turning a nifty profit.
- Maybe subscription figures are growing exponentially – hard to sell when this kind of figure is through the roof (the kind of problem I wish to have one day).
- Maybe they think they are worth more than 72$ a user. I know that’s a GONE(c) (Good Old New Economy) way of putting a value on a company. Of course, at 500$ per user, they would be worth $21bn.
- Then maybe, Niklas Zennström has a huge ambition for his company – he does look like Bill Gates.
- Finally, maybe they didn’t like the idea of being bought by Murdoch. Not everyone is sharing his political views. Following MySpace acquisition by News Corps, users have been complaining among other issues about that new ownership.
Amusing fact: Skype founders are 29 and 39. So are MySpace co-founders.


3 Comments:
I think they did the right thing...
They could IPO next year for much more providing they continue to grow at this speed.
I did not look at Yahoo service but Microsoft Messenger voice services is really not on par to Skype.
And if they would have been acquired by News Corp, I would have stop using the service. I really cannot stand Murdoch
cheers
Niklas does look like Bill Gates!!! Weird!
I had no time to reply last week but there are 2 points I'd like to make in response to Olivier/karibu's comment and as an update:
1/ There are talks on IPO already (obviously with this kinf of valuation it's hard to find a buyer)
2/ What kind of price and valuation is that when you consider the threats? (competition, ADSL providers which can decrease QoS because they also are historic phone providers, ...)
More on the subject from Business Week and the blogosphere
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