Thursday, November 19, 2009

eBay Completes Sale of Skype to Private Investors

eBay completed the previously announced sale of Skype to a private investment group led by Silverlake partners and which included Joltid Limited, the Canada Pension Plan Investment Board and Andreessen Horowitz. The deal valued Skype at $2.75 billion. eBay retains a 30% stake in Skype.

eBay received approximately $1.9 billion in cash and a note from the buyer in the principal amount of $125 million.