Ebay has completed the previously announced sale of its Skype communications unit in a deal valuing the business at USD 2.75 billion. The buyer, who will control an approximately 70 percent stake, is an investor group led by Silver Lake and includes Joltid Limited and certain affiliated parties, the Canada Pension Plan Investment Board and Andreessen Horowitz. Ebay received approximately USD 1.9 billion in cash and a note from the buyer in the principal amount of USD 125 million. The company retained an approximately 30 percent equity investment in Skype. The company also purchased a note from the buyer in the principal amount of USD 50 million.
