By: ETF Trends
May 10, 2011 at 15:59 PM EDT
eBay Hoists Internet ETFs on Skype Deal
Internet sector exchange traded funds enjoyed a nearly 3% rally in eBay (NasdaqGS: EBAY) on Tuesday after an $8.5 billion deal for Skype, in which it has an ownership stake. Skype’s acquisition by Microsoft (NasdaqGS: MSFT) is “a positive for eBay in our view as it will help unlock about $2 a...
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