September 1, 2009

EBay Sells Most of Skype to Private Investors

Article Source New York Times
September 1, 2009, 7:08 am

EBay announced a deal Tuesday to sell its Skype online calling service to a group of private investors, led by the Silicon Valley private equity firm Silver Lake Partners.

The buyers will pay eBay $1.9 billion in cash, which includes a loan from eBay of $125 million, for 65 percent of the company. EBay will retain 35 percent equity investment in Skype, which is on track to take in more than $600 million in revenue this year...

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