eBay Inc. Completes Sale of Skype
By: Richard Brewer-Hay
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.