eBay has just announced that it has completed the sale of Skype, valuing the company at $2.75 billion. The investor consortium who is the buying party and will control an approximately 70 percent stake is a group led by Silver Lake Partners and includes Joltid (i.e. the company founded by Skype’s original founders) and “certain affiliated parties”, the Canada Pension Plan Investment Board and Andreessen Horowitz.
As previously announced, eBay received approximately $1.9 billion in cash and a note from the buyer in the principal amount of $125 million. The company retained an approximately 30 percent equity investment in Skype.
The company also purchased senior debt securities with a face value of $50 million as part of a Skype debt financing.
The news of the completion of the sale of the successful Internet communication company comes two weeks after Skype founders Niklas Zennström and Janus Friis announced that they had reached a settlement with eBay in return for a 14% stake and board seats, clearing the way for the deal to close after the very public legal quarrels.
As you may remember, Andreessen Horowitz partner Marc Andreessen swiftly deemed Skype one of the most important companies on the Internet.
TechCrunch was first to report the imminent sale of Skype to the investor group back in August 2008 and shortly after confirmed that the deal would value the company at $2.75 billion.
(Thanks to @YarinHochman for the tip)
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