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eBay strikes a good deal on its Skype sale

Posted Sep 1st 2009 11:00AM by Melly Alazraki (RSS feed)
Filed under: Deals, eBay (EBAY)

eBay Inc. (NASDAQ: EBAY) announced Tuesday it has reached a deal to sell most of its stake in Skype in a deal that values the online telecommunications service at $2.75 billion. eBay will get $1.9 billion in cash and a $125 million note from the buyer.

An investment group led by the private-equity firm Silver Lake, including Index Ventures, Andreessen Horowitz, and the Canada Pension Plan Investment Board, will buy the 65% stake in the company. eBay, which will retain a 35% stake, expects the deal to close in the fourth quarter of this year.

Continue reading eBay strikes a good deal on its Skype sale

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Last updated: May 26, 2012: 03:53 PM

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