eBay says they will take more than $1 Billion dollars in write downs on their purchase of Skype. Henry Blodget says it is more like $1.4 Billion. They also announced that Skype founder CEO Niklas Zennstrom is leaving. This is the worst kept secret in the industry. He has been working on other projects for quite a while.
I wrote a post "The 10 Worst Billion Dollar Internet Acquisitions of All Time" Skype didn't make the list at the time because it was too early to tell. Not anymore. It takes a spot very high up on the list. AOL, Lycos, and Excite are still the clear leaders in this dubious category.
There are several other candidates for the worst acquisitions of all time that are still too early to call...but the trends look pretty clear. What are your picks for possible additions to the list? Remember, it has to be at least a billion dollar blunder or it doesn't count.