Maybe Skype Is Shopping Itself

The rumored sale of Skype to Rupert Murdoch’s News Corp for $3 billion is like an open sore – every day someone pricks the wound, and the bleeding starts. Cringely, Reuters, Always On, The Independent and even Bambi Francisco have something to say about this rumor, which may or maynot be true. Maybe the VCs looking to hit one out of the ballpark are spinning. I have refrained from commenting on this for obvious reasons – since everyone is screaming about it, why not quietly make some inquires. So I did. And here is what I have found.

Skype has hired Morgan Stanley as an adviser who can screen the “buyers.” While that’s the case, my Yahoo sources tell me that Skype approached them, and they balked at the asking price. What was the asking price? No one will even as much as hint to confirm this, but Skype wanted a billion dollars. Beyond that, everything else, I take with a pinch of salt.

So what does that really tell me? Two things. First, Skype is open to the right offer. Secondly, the asking price of $3 billion is tad too over optimistic. There must also be realization that in not so distant future, the wireless and wireline operators are going to clamp down on Skype, and create quality of service issues for the service. More on that later.

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