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Internet auction and services company EBay Inc has reached a deal to sell its online telephony unit Skype to a group of private investors, the New York Times said, citing two people briefed on its plans.
EBay CEO Donahoe pledged to accelerate changes in its slowing online auction business and tap the "enormous potential" for growth in its PayPal business.
Amazon.com Inc., the world’s largest online retailer, topped sales and profit estimates yesterday after its biggest holiday season ever, outpacing EBay Inc. and its e-commerce rivals.