eBay Completes Skype Sale

Investor group gives eBay $1.9 billion for 70 percent stake

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It looks like the eBay-Skype spectacle has finally come to a close.  Despite all of the arguments (legal and otherwise) that cropped up at one point or another, representatives of both companies announced last night that the sale of Skype to an investor group is complete.

Josh SilvermanJosh Silverman, the president of Skype, adopted a rather enthusiastic approach when breaking the news.  He wrote on the Share Skype Blog, "Great news – we’ve closed the deal with the new investors. . . .  Our journey continues: say hello to the future!"

And that future appears to be a bright one, by the way.  As had been agreed earlier, the transaction valued Skype at an impressive $2.75 billion (impressive if you ignore the fact that eBay bought it for $2.6 billion in 2005, anyway), and $1.9 billion in cash actually changed hands as the investor group acquired a 70 percent stake.

What’s more, the investor group (which was led by Silver Lake) includes such interesting organizations and people as Andreessen Horowitz, the Canada Pension Plan Investment Board, Joltid Limited, and Skype’s original founders, Niklas Zennstrom and Janus Friis.

This would appear to make it much more likely that SkypeIn service will expand into Canada, and there’s no telling how else the new owners will try to grow and improve the company.

Related Articles:

> eBay And Skype Settle Litigation

> Skype Founders Reportedly Close To Settlement With eBay

> eBay Sells Skype, Which Is Worth $2.75 Billion

eBay Completes Skype Sale
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  • http://www.webdesignsouthyorkshire.com Web Design Company Sheffield

    about time! this saga has been going on for ages! Well done Janus Friis!

  • http://www.parishwebassistant.com Eric

    So what changes will we see than?

  • http://winning-roulette-system.net/ Winning Roulette System

    Well eBay will no doubt rape the skype service for all it’s worth.

    I doubt it will continue to be the same ‘free’ service once eBay gets a true hold of it.

    Bummer, I liked skype too.

    • Mmm

      eBay bought Skype back in 2005. It’s been legal battles every since. This article is telling us that eBay is selling to different investors, not buying it.

  • http://www.NormallyThisWeird.com Stacy

    Skype, and similiar services, are amazing! Thank you, Skype, Niklas Zennstrom and Janus Friis!

    GOOD RIDDANCE, EBAY!! After being scammed by Ebay and Paypal more times than I can count, I am happy to have nothing more to do with them. This article made my day. :)

    • Stacy

      Well, I guess eBay retains 30% of the stocks. But at least the creators are back on board and have a voice, while eBay can take a back-seat.

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