Quantcast

eBay Sells Skype, Which is Worth $2.75 Billion

Will Retain Approximately 35% Stake

Get the WebProNews Newsletter:


[ Business]

Update: The announcement has been made. Some details from the press release:

eBay signed a definitive agreement to sell its Skype in a deal valuing the business at $2.75 billion. The buyer, who will control an approximately 65 percent stake, is an investor group led by Silver Lake and includes Index Ventures, Andreessen Horowitz and the Canada Pension Plan (CPP) Investment Board. eBay is expected to receive approximately $1.9 billion in cash upon the completion of the sale and a note from the buyer in the principal amount of $125 million. The company will retain an approximately 35 percent equity investment in Skype. The transaction, which is not subject to a financing condition, is expected to close in the fourth quarter of 2009.

Do you think Skype is worth $2.75 billion? Tell us what you think.

Original Article: 
Word from the New York Times is that eBay is expected to announce the sale of Skype today to a group of private investors. This group is rumored to include Andreessen Horowitz, the new VC firm from Marc Andreessen and Ben Horowitz, started earlier this summer. Andreessen is on eBay’s board.

Other firms rumored to be involved are Silver Lake Partners and Index Ventures, which was an early investor in Skype. eBay reportedly wants about $2 billion, though a price was not confirmed. According to the Times, Skype is set to bring in over $600 million this year.

Back in April, eBay announced that it planned to separate Skype from the company, beginning with an IPO in the first half of 2010, depending on market conditions.

Skype

"Skype is a great stand-alone business with strong fundamentals and accelerating momentum," said eBay President and CEO, John Donahoe back then. "But it’s clear that Skype has limited synergies with eBay and PayPal. We believe operating Skype as a stand-alone publicly traded company is the best path for maximizing its potential."

He later said that the company was still open to offers, and that they intended to "maximize the value of Skype. Period." He said that any reasonable offers made between then and 2010 would be evaluated.

We’ll have to wait for the announcement to be made before we can get any definitive details. eBay acquired Skype back in 2005.

In other Skype news, they’re getting ready to double connection fees. Users will love that.

eBay Sells Skype, Which is Worth $2.75 Billion


Top Rated White Papers and Resources
  • http://www.tod-converter-mac.com/ Tod Converter for Mac

    It’s a big price.

  • http://www.discountwebdesign.co.uk Discount web design

    wow. what a big deal. congrats.

  • http://www.vicktrade.com Amily

    yes, I agree with you two guys, maybe it is really a good price.
    But i am not sure whether this is a good thing for eBay.
    Now sellers on eBay are complainting about higher extra fees. And in my opinion, the customers are not so believed in eBay. And also the market is a near to saturation. so I am not very clear with this deal.

  • http://www.sweatboots.com ugg boots on sale

    good post,thank you!
    cheap uggs,you can buy ugg mini boots and cheap ugg coquette sale

  • iskyluo

    Tod Converter for Mac is the simplest and practical program before you edit .tod files in iMovie or FCP. It enables you convert .tod files to other regular video formats like mov, mpg, dv, 3gp that definitely supported by iMovie and FCP. Tod converter for Mac use least time and give out excellent video quality.

    Tod Converter for Mac is also a professional video converter for JVC camcorders and DVs. The supported JVC camcorders are GZ-HD7 (HDD, SD/SDHC card), GZ-HD3 (HDD, SD/SDHC card), GZ-HD5 (HDD, MicroSDHC card), GZ-HD6 (HDD, MicroSDHC card), GZ-HD30, GZ-HD40 (HDD, MicroSDHC card, dual TOD and AVCHD recording), etc. MOD files are also supported here. The output videos can be perfectly compressed in high quality, and be imported to portable devices like iPod, iPhone, iPhone 4, Zune, etc.

  • Join for Access to Our Exclusive Web Tools
  • Sidebar Top
  • Sidebar Middle
  • Sign Up For The Free Newsletter
  • Sidebar Bottom