Skype Getting Sold
In what is bound to be a developing story over the course of the morning, word comes from the New York Times that eBay is set to announce Tuesday the sale of the Skype division to a group of private investors lead by Netscape founder Marc Andreeson.
The investment group is likely to include Andreessen Horowitz, a new venture capital firm headed by the Netscape co-founder Marc Andreessen, these people said. One of the people added that Index Ventures, a London-based venture capital firm that was an early investor in Skype, and the private equity firm Silver Lake Partners were also involved. A price was not disclosed, but eBay has said it wants around $2 billion for Skype, which is on track to take in more than $600 million in revenue this year.
Alan Marks, an eBay spokesman, would not comment on the matter. Mr. Andreessen is on eBay’s board of directors.
The report is anonymously sourced, and none of our sources in the know are up at this hour, so we’ll be posting any tidbits we find out between now and the announcement on the editorial backchannel.
UPDATE: The sale is official. Mashable has the story.
It’s now confirmed: eBay is selling Skype to a group of private investors. The New York Times reported that a deal was imminent late last night, and this morning, eBay officially announced it, along with the price: $2.75 billion.
Specifically, eBay is selling 65 percent of the company to a group that includes Silver Lake, Index Ventures, Andreessen Horowitz and the Canada Pension Plan (CPP) Investment Board. The auction giant gets $1.9 billion in cash for the stake, along with a note for $125 million.
I’m not an expert on Skype’s P&L sheets, but it not a bad bit of pocket change for eBay, considering that they already wrote down the investment.
More analysis and discussion, as always, here and on the backchannel.
Since you’re here …
… We’d like to tell you about our mission and how you can help us fulfill it. SiliconANGLE Media Inc.’s business model is based on the intrinsic value of the content, not advertising. Unlike many online publications, we don’t have a paywall or run banner advertising, because we want to keep our journalism open, without influence or the need to chase traffic.The journalism, reporting and commentary on SiliconANGLE — along with live, unscripted video from our Silicon Valley studio and globe-trotting video teams at theCUBE — take a lot of hard work, time and money. Keeping the quality high requires the support of sponsors who are aligned with our vision of ad-free journalism content.
If you like the reporting, video interviews and other ad-free content here, please take a moment to check out a sample of the video content supported by our sponsors, tweet your support, and keep coming back to SiliconANGLE.