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eBay Makes a Land Grab in Voice Over Internet

Stock quotes in this article: EBAY , NWS , MSFT , GOOG , EGHT , NTOP , DDDC , IDT  

Editor's Note: This is a bonus story from James Altucher, whose commentary usually appears only on RealMoney, where it was published at 1 p.m. EDT Thursday. We're offering it today to TheStreet.com readers. To read Altucher's commentary regularly, please click here for information about a free trial to RealMoney.


According to The Wall Street Journal and the New York Post this morning, eBay (EBAY Quote) is in talks to buy Skype, a voice-over-Internet protocol (VoIP) telephony company, and the price could be as high as $5 billion. Skype has been in talks before, supposedly with News Corp.(NWS Quote) for $3 billion, but nothing has ever worked out. This, to me, represents a dramatic shift in eBay's strategy and an interesting evolutionary step in the Internet world. ...

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