SAN FRANCISCO, Feb. 3, 2011 /PRNewswire/ -- Rdio, the unlimited, on-demand social music service from the founders of Skype, today announced they have raised a new financing round in the amount of $17.5 million from new and existing investors.

eBay wrote down the value of its Skype subsidiary by nearly 46 percent on Monday, confirming the company's failure to build a lucrative Internet phone business to complement its online auctions.

EBay Inc. announced Monday that the co-founder and chief executive of its Skype division was stepping down, and that the parent company would take $1.43 billion in charges for the Internet phone service division.

FRANKFURT, Germany - Skype, the popular program that lets its users make long-distance calls using their computers, said Thursday that software problems have left many of its millions of users were without service worldwide.

FRANKFURT, Germany - Skype, the popular program that lets its users make long-distance calls using their computers, said Thursday that it was having a software problem, meaning many of its millions of users were without service.