Skype Insists It Is Not For Sale; IPO Another Question - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
News

Skype Insists It Is Not For Sale; IPO Another Question

The "for sale" rumors have been circulating in recent days along with the report that the firm has hired investment banking firm Morgan Stanley & Co. to perhaps float an IPO.

VoIP provider Skype Technologies is actively seeking to quell rumors that the company is for sale.

In an email exchange with TechWeb, a public relations representative for the company in the U.S, said flatly: “Skype is not for sale.”

The “for sale” rumors have been circulatinging in recent days along with the report that the Luxembourg-based firm has hired investment banking firm Morgan Stanley & Co. to examine its options including floating an IPO.

Skype did not comment beyond saying the firm is not for sale.

The comments come just days after U.S. VoIP firm Vonage Holdings was said to be planning an IPO. Vonage has declined to comment on any such plans.

Skype said more than two million subscribers have signed up for its paid services, which include SkypeOut and SkypeIn calls between Skype and non-Skype users. Skype calls among subscribers are free and the Internet phoning company claims that more than 51 million persons use the service.

Although Skype and Vonage are both VoIP providers, their business plans are vastly different and the two firms rarely compete with each other. Vonage serves the U.S. market almost exclusively, although it has been making some initial forays into international markets while Skype has been popular in international markets.

While each firm is dominant in its respective market, competitors are emerging. Vonage has faced some challenges from AT&T, now part of SBC Communications, and from the remaining former Bell Operating Companies, Verizon, BellSouth, and Qwest. So far, Skype has eclipsed a host of smaller independent VoIP competitors although search engine powerhouse Google announced last week that it will offer a VoIP service.

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
The State of IT & Cybersecurity Operations 2020
The State of IT & Cybersecurity Operations 2020
Download this report from InformationWeek, in partnership with Dark Reading, to learn more about how today's IT operations teams work with cybersecurity operations, what technologies they are using, and how they communicate and share responsibility--or create risk by failing to do so. Get it now!
Slideshows
IT Careers: 10 Industries with Job Openings Right Now
Cynthia Harvey, Freelance Journalist, InformationWeek,  5/27/2020
Commentary
How 5G Rollout May Benefit Businesses More than Consumers
Joao-Pierre S. Ruth, Senior Writer,  5/21/2020
News
IT Leadership in Education: Getting Online School Right
Jessica Davis, Senior Editor, Enterprise Apps,  5/20/2020
Register for InformationWeek Newsletters
Video
Current Issue
Key to Cloud Success: The Right Management
This IT Trend highlights some of the steps IT teams can take to keep their cloud environments running in a safe, efficient manner.
White Papers
Slideshows
Twitter Feed
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Sponsored Video
Flash Poll