Facebook & Google Looking to Acquire Skype…?
I can see why both companies are looking at Skype. Google on one hand is introducing video chat to Android through Android update 2.3.4, and would like to sure that up with an experienced company. Facebook on the other hand wants to expand its reach to its over 500 Million user, with video chat connectivity. Just a week ago T-Mobile launched a call service program called Bobsled, that allows Facebook user make calls to other Facebook users on Facebook.
The potent is there, but it seems according to Reuters a joint venture might be more in the cards.
Facebook and Google Inc (GOOG.O) are separately considering a tie-up with Skype after the web video conferencing service delayed its initial public offering, two sources with direct knowledge of the discussions told Reuters .
Facebook Chief Executive Mark Zuckerberg has been involved in internal discussions about buying Skype, according to one of the sources. Another source said Facebook had reached out to the Luxembourg-based company about forming a joint venture.
Google has also held early talks for a joint venture with Skype, the second source said.
A Skype deal could be valued at $3 billion to $4 billion, the first source said. Skype’s IPO is expected to raise about $1 billion, several other sources said.
The discussions are in early stages, and it is not clear which option the companies favor, the first two sources said.
Although an IPO is still in the cards for the second half of 2011, Skype remains in strategic discussions with other companies, two of the sources said.
Skype and Google declined to comment. Facebook was not immediately available to comment. The information is not public and the sources declined to be named.