What will eBay do with Skype money? Buy into Korea

$US 1.2 billion for a stake in South Korea's Gmarket auction site. Skype had better fetch a pretty penny if eBay Inc. is going to keep up this M&A effort.

Skype is currently operating in Korea as part of eBay's Auction company. Will Skype's separation from eBay require reorganizing their Korean operations?

The press release and SEC Form 8-K.

UPDATE: eBay stock is back where it was a week ago, discounting both the Skype IPO and Gmarket news.

tags: skype, ebay, gmarket, auction, kr, korea, business, investment, m&a

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