I am not an expert in earn out clauses, but there seems to be a sense of urgency to get this one off the books. Also the fact that only 1/3 of the total amount payable suggests that Skype is not performing even close to what eBay had originally expected. The revolving management door that has been Skype since the acquisition opens up some interesting discussion points.
- Did they realize what they were buying once they decided to take over?
- Is eBay going to dump Skype? and was the earn out holding up a pending sale?
Skype in and of itself is amazing, but its power lies in its disruptive entrepreneurial founders and not the corporate dot the i's culture it currently runs as. I am not sure the same 'startup' passion is still there, not with its partners, developers or employees.