No, it was not. The technology was NOT worth billions of dollars.
It was bought for the existing userbase and network effects. And rumours are that also for some payment-or-something-in-kind from the NSA, which wanted it to be run by a friendlier-to-the-NSA company.
There were quite a few competitors at the time, some with comparable firewall penetration ability and call quality, which could have been bought for a fraction of the price. But none had the ubiquity, userbase or network effects of skype.
No, it was not. The technology was NOT worth billions of dollars.
It was bought for the existing userbase and network effects. And rumours are that also for some payment-or-something-in-kind from the NSA, which wanted it to be run by a friendlier-to-the-NSA company.
There were quite a few competitors at the time, some with comparable firewall penetration ability and call quality, which could have been bought for a fraction of the price. But none had the ubiquity, userbase or network effects of skype.
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