Business

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The Valiant Recessionary Investor

Although measures of investor confidence are up from their December 2008 low, the dizzy American market still teeters on fear. And it’s no wonder. With a full basket of financial woes and dominoes still toppling around the world, the economic prophets declare the Great Recession will persist through the rest of 2009.
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Skypes! The eBay IPO of Skype.

Synergy, a combination whose value is greater than the sum of the individual parts, danced like sweet business jargon through eBay’s corporate head when it acquired Skype in 2005. Indeed, former chief Meg Whitman paid $2.6 billion, or 43 times revenue, for its young telecommunications bride.