eBay to Sell Most of Skype

EBay will sell off a 65 percent stake in Skype for $2.75 billion.


You Can't Detect What You Can't See: Illuminating the Entire Kill Chain

On-Demand Webinar

Posted September 1, 2009

- Reuters

(Reuters) - EBay has signed a definitive agreement to sell Skype in a deal valuing the communications business at $2.75 billion.

Here are the highlights. eBay:

* Says to receive approximately $1.9 billion in cash; retain approximately 35 percent stake.

* Says buyer is investor group led by Silver Lake.

* Says buyer is investor group includes Index Ventures, Andreessen Horowitz, Canada Pension Plan investment board.

* Says transaction not subject to financing condition, expected to close in the fourth quarter of 2009.

* Says is expected to get about $1.9 billion cash upon completion of sale, note from buyer in principal amount of $125 million.

* Says buyer will control an approximately 65 percent stake.

Copyright 2009 Reuters. Click for restrictions.

Comment and Contribute


(Maximum characters: 1200). You have characters left.



IT Management Daily
Don't miss an article. Subscribe to our newsletter below.

By submitting your information, you agree that datamation.com may send you Datamation offers via email, phone and text message, as well as email offers about other products and services that Datamation believes may be of interest to you. Datamation will process your information in accordance with the Quinstreet Privacy Policy.