baltimoresun.com

« Lockheed Martin's virtual reality simulator worthy of The Matrix | Main | TedxMidAtlantic announces first batch of speakers »

September 1, 2009

EBay sells 65% stake in Skype to investor group

The rumors are confirmed:skype.jpg Skype's president, Josh Silverman, moments ago put out an announcement saying that the Internet telephony company, owned by eBay, is being sold.

The investors, including a co-founder of Netscape, will get a 65 percent stake in Skype, while eBay will hold on to the rest.

Below is the full text from Silverman's announcement:

Today, Skype begins a new chapter. We’re spinning off from eBay to become an independent company once again.

This is very exciting news for all of us here at Skype, and I want to give all of you a brief overview of what’s happening.

A small group of venture capital funds have agreed with eBay to acquire a majority stake in Skype.

The group is led by Silver Lake Partners, joined by Index and Andreessen Horowitz Ventures. You may recognize some names – for example Danny Rimer and Mike Volpi (both at Index Ventures) who were some of the earliest Board members and supporters of Skype.

The new investors will buy approximately 65% of Skype, with eBay continuing to own 35%, in a deal valuing Skype at $2.75 billion US. It means we’re back to being a fully independent company again, but with a new group of owners who believe passionately in our mission and in the ability of our team to deliver on it. I can’t wait.

TechCrunch and the New York Times have been covering the deal closely over the past week.

Posted by Gus Sentementes at 10:10 AM | | Comments (0)
        

Post a comment

All comments must be approved by the blog author. Please do not resubmit comments if they do not immediately appear. You are not required to use your full name when posting, but you should use a real e-mail address. Comments may be republished in print, but we will not publish your e-mail address. Our full Terms of Service are available here.

Verification (needed to reduce spam):

About Gus G. Sentementes
Gus G. Sentementes (@gussent on Twitter) has been writing for The Baltimore Sun since 2000. He's covered real estate, business, prisons, and suburban and Baltimore City crime and cops. He was one of the first reporters at The Sun to use multimedia tools and Web applications -- a video camera, an iPhone -- to cover breaking news. He hopes to cover Maryland geeks and the gadgets and Web sites they build, and learn -- and share -- something new every day.

Gus has a wife, a young daughter and two feuding cats. They live in Northeast Baltimore.
-- ADVERTISEMENT --

Most Recent Comments
Baltimore Sun coverage
Sign up for FREE business alerts
Get free Sun alerts sent to your mobile phone.*
Get free Baltimore Sun mobile alerts
Sign up for Business text alerts

Returning user? Update preferences.
Sign up for more Sun text alerts
*Standard message and data rates apply. Click here for Frequently Asked Questions.
Charm City Current
Stay connected