auctions

eBay faces penalties in the European Union for counterfeit goods

July 12, 2011 - 9:17am | Law aspects | News

European Union court ruled this week that eBay might become liable for trademark infringements made by its users who sell counterfeit goods under the established global brands if the ecommerce giant is found playing active role in this.

The auction site may also have to actively monitor its customers to ensure their offers for sale are lawful, the court ruled.

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Skype will be sold after all. eBay plans IPO by 2010

April 15, 2009 - 12:19am | News | Other themes

The situation around eBay’s unit Skype is getting clearer as the company plans to spin off the telephone service company. On Tuesday eBay announced that it will offer IPO for Skype by the first half of 2010. According to some sources eBay Inc hired investment bank Goldman Sachs to manage Skype's separation from the company and run the process for an initial public offering, reports Reuters.

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