ClassifiedsReligionObituariesLivingOpinionsEducationBusinessNewsHome


About Us
Advertising
    Rates

Contact Us
History
Place
    Classified Ad

Send a Letter
Staff
Subscribe
Lake Wyile Chamber


Top Story
Nation
World
Sports
Politics
Business
Health
    & Science

Entertainment
Technology
Opinions


Greetings from Larne

Enquirer-Herald
Fort Mill Times
The Herald
5-Day Forecast
TODAY
Windy; rain this morning
High/Low: 63/39
THURSDAY
Partly sunny and breezy
High/Low: 55/30
FRIDAY
Mostly sunny
High/Low: 50/35
SATURDAY
A shower possible
High/Low: 56/27
SUNDAY
Plenty of sunshine
High/Low: 50/31
More Weather Info

The McClatchy Co.
Wednesday, January 7, 2009
24-Hour News Technology

Print Version
 
Email Article
  
Subscription
EBay sees $1.43B charge in 3Q


(Published October 1‚ 2007)

NEW YORK (AP) Online auctioneer eBay Inc. said Monday it will take an impairment charge of about $1.43 billion in its third quarter, due in part to payments it made to some Skype shareholders as part of an earn-out agreement.

EBay said it paid $530 million to settle future obligations it had with some shareholders under an agreement that stemmed from its 2005 purchase of Skype.

EBay anticipates recording this amount and an additional $900 million as impairment charges in its third-quarter financial report.

Under the earn-out agreement, eBay was required to pay up to about $1.7 billion based on things like Skype's number of active users and sales and gross profit targets in 2008 and the first half of 2009.

EBay shares rose 73 cents, or 1.3 percent, to $39.75.
  

Search by Keyword:
Advertisements
Untitled Document
Copyright © 2009 Lake Wylie Pilot, South Carolina