Cisco has made an offer to acquire Skype before they complete their IPO process, says one of our more reliable sources. We have not been able to confirm this rumor one way or another via other sources, which isn’t surprising. A company in lock down during the IPO process is usually even more tight lipped than normal.
But if true this would be one very big acquisition. Skype insiders are hoping for an out of the gate valuation of $5 billion or so, we’ve heard. Presumably Cisco would have to bidding in that range to make it interesting.
Google was also rumored to be sniffing around Skype, but antitrust concerns may have persuaded them not to make an actual offer.
More as this develops.
|Location:||London, United Kingdom|
|Founded:||August 1, 2003|
|Acquired:||September 12, 2005 by eBay for $1.9B in Cash|
Skype is a peer-to-peer Internet telephony service that is free for Skype-to-Skype calls. The service also allows Skype users to call mobiles and landlines, and vice-versa. Skype has special charge plans for non-Skype-to-Skype calls. Skype is… Learn More
|Location:||San Jose, California, United States|
Cisco designs and sells hardware, software, networking, and communications technology services. Products are distributed under five brands, namely Cisco, Linksys, WebEx, IronPort, and Scientific Atlanta.
Cisco was founded in 1984 by a small group… Learn More