eBay Inc. will receive a significant $2.3 billion from the sale of its remaining 30% stake in internet-phone provider Skype. Chief executive officer John Donahoe said in an interview with the Wall Street Journal, that they will use that money to make acquisitions and return money to investors through share buybacks. In particular, eBay wants to invest in tools that allow customers to shop, locate goods and compare prices while using their mobile phones. “Our purpose is to bring consumers the best experience to find what they want, how they want and when they want it, whether it’s on eBay or otherwise,” Mr. Donahoe said. “A lot of eBay innovation will be around mobile.”


Popular Now