eBay sells Skype

Posted by Samron Jude on September 1st, 2009 in technology | No Comments

The private equity firm Silver Lake Partners , has acquired Skype – the peer-to-peer Internet telephony service.

The other investors are VC firms Andreessen Horowitz and Index Ventures  as well as the Canada Pension Plan (CPP) Investment Board.

Skype

The new investors will buy approximately 65% of Skype, with eBay continuing to own 35%, in a deal valuing Skype at $2.75 billion US.

Ebay had reportedly been looking to sell Skype for $2 billion, compared to the $3.1 billion it quoted to buy out the company and pay out its founders Niklas Zennstrom and Janus Friis back in 2005.

Earlier this year, eBay had announced that they would be turning the company into an IPO in 2010.


 

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