Internet & E-commerce

Investor group to acquire majority stake in Skype

By ⋅ September 2, 2009 ⋅ Email This Post Email This Post ⋅ Post a comment

Skype Technologies and an investor group led by Silver Lake have signed a definitive agreement in which the investor group will purchase a 65 per cent interest in Skype Technologies from eBay for approximately $1.9bn in cash, in a transaction valuing Skype Technologies at $2.75 bn. eBay will retain the remaining 35 per cent equity interest in Skype.

Skype is the manufacturer and developer of Skype software, which is used by individuals and businesses to make free video and voice calls, send instant messages and share files with other Skype users. The software also allows users to make calls to landlines and mobile telephone lines.

It is understood that JP Morgan, Barclays and RBC Capital Markets advised Silver Lake and its investor group and will provide the financing necessary to complete the transaction.

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