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Skype in big ringtones deal with Warner Music

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Skype in big ringtones deal with Warner Music

Skype, the web-based telephony group bought by eBay last year, is to begin offering music ringtones from big-name artists such as Madonna and Green Day under an agreement with Warner Music Group.

The deal marks one of the first moves by the online auction group to cash in on its investment in Skype, which it bought last September in a deal worth up to $4.1bn – raising eyebrows at the time over the high price paid for a group with such small revenues.

Read the complete story here. (FT)

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