01 Sep EBay sells most of Skype to private investors
Posted at 13:25h in Digest, IT 0 Comments
EBay announced a deal Tuesday to sell its Skype online calling service to a group of private investors, led by the Silicon Valley private equity firm Silver Lake Partners.
The buyers will pay eBay $1.9 billion in cash, which includes a loan from eBay of $125 million, for 65 percent of the company. EBay will retain a 35 percent equity investment in Skype, which is on track to take in more than $600 million in revenue this year.
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