Thursday, November 19th, 2009
eBay Inc. Completes Sale of Skype
eBay Inc. announced today that is has successfully completed the previously announced sale of Skype. The deal values the business at $2.75 billion. The buyer is an investor group led by Silver Lake and includes the Canada Pension Plan Investment Board, Andreessen Horowitz, and Joltid Limited.
eBay received approximately $1.9 billion in cash and a note from the buyer in the principal amount of $125 million. eBay retains approximately 30% equity investment in Skype. The company also purchased senior debt securities with a face value of $50 million as part of a Skype debt financing.
Josh Silverman posted to the Skype blog here.
Cheers,
RBH
Tagged: blog, business deal, communications, corporate blog, ebay, ebay inc, ebay ink blog, ebay platform, ebay portfolio, ebay roadmap, ebay.com, ebayink, Finance, News, Skype, technology
Jane GrondinOn November 21, 2009 at 8:52 am Said:
I am trying to get onto ebay but they keep telling me that my password is incorrect. I just signed on and want to buy something but cannot get into it
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