EBay reportedly finds buyer to sell off Skype

September 1, 2009

(ChattahBox) — Internet auction giant eBay on Tuesday will announce a deal to sell its Skype Internet phone unit to a group of private investors including Netscape co-founder Marc Andreessen and private equity firms, according to a report in the New York Times, which cited two people briefed on the company’s plans. The founders of Skype, sold their internet telephony company to eBay in 2005 for $2.6 billion, plus bonus payouts that increased the final price to $3.1 billion. But the deal has yet to pay off for the online auctioneer who has found “limited synergies” and has been looking to sell for some time.

The Times said the buyers of Skype could include Andreessen Horowitz, a new venture capital firm headed by Marc Andreessen, who co-founded Netscape. Other buyers reportedly could include venture capital firm Index Venture and private equity firm Silver Lake Partners. The price of the deal was not disclosed, but it is believed that eBay has been seeking $2 billion for Skype. Earlier this year, eBay had said that it planned to spin off Skype and list its shares in the first half of 2010, an announcement many took as a signal that the firm was for sale.


Comments

6 Responses to “EBay reportedly finds buyer to sell off Skype”

  1. Private Equity - UPDATE 1-Permira, KKR, CVC, Bain bid for Bellsystem -sources - Reuters « Private Equity on September 1st, 2009 7:05 am

    […] EBay reportedly finds buyer to sell off Skype – Chattahbox.com(ChattahBox) — Internet auction giant eBay on Tuesday will announce a deal to sell its Skype Internet phone unit to a group of private investors including Netscape co-founder Marc Andreessen and private equity firms, according to a report in the […]

  2. EBay reportedly finds buyer to sell off Skype – Chattahbox.com on September 1st, 2009 8:11 am

    […] Source: EBay reportedly finds buyer to sell off Skype – Chattahbox.com […]

  3. jay smith on September 1st, 2009 1:27 pm

    This is great more money to ya…

  4. jreed on September 1st, 2009 1:43 pm

    I can see why they should be upset, aren’t they new loosing sales or clients over this???

  5. Jessica Magert on September 2nd, 2009 4:51 am

    I use Skype and I love it. The rates are reasonable too. This situation might be the end of Skype. If these so-called investors are greedy (and they usually are), the calling rates for Skype will no doubt rise and people will abandon Skype for something else. Sadly, this might be the beginning of the end for Skype. (my previous post didn’t “hit” for some reason).

  6. Web Host Directory on September 2nd, 2009 11:02 am

    Have not used Skype since Gmail added voice chat. I leave Gmail open 24/7 and rarely use any local software. Skype on the iPhone looked exciting until I realized they have not added push to notifcation.

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