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Broadband

Ebay to sell 65% in Skype for USD 1.9 bln

Tuesday 1 September 2009 | 16:29 CET | News
Ebay has agreed to sell a 65 percent stake in Skype to a group of private investors for USD 1.9 billion cash. The investors are private equity groups Silver Lake and Index Ventures; Andreessen Horowitz, the recently launched venture capital firm led by Netscape founder Marc Andreessen and Ben Horowitz; and the Canada Pension Plan Investment Board. The sale price also includes a note from the buyer worth USD 125 million. Ebay will hold on to the remaining 35 percent in Skype. The deal values Skype at USD 2.75 billion, similar to the price of USD 2.6 billion in cash and shares announced by eBay

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Categories: Internet
Companies: Ebay / Skype
Countries: World
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