Print 13 comment(s) - last by diego10arg.. on Sep 3 at 10:00 AM

EBay plans to offload Skype, as the company has been unable to cash in on the popular VoIP service

EBay yesterday confirmed it has sold most of Skype to a group of investors for $1.9 billion. The investors now own 65 percent of the company best known for its VoIP service, with the following financial breakdown:  $1.9 billion cash, 35% equity investment and $125 million bond -- ends up being just a bit less than the $3.1 billion eBay paid four years ago.

"Selling Skype now at this great valuation, while retaining an equity stake, makes sense for the company," said eBay CEO John Donahoe, said in a press statement.  "And it allows us to focus all of our energies on the opportunities in front of PayPal and eBay."

EBay will be able to use the money made from the deal for  future acquisitions to strengthen its core auction business.  After successfully beating out Google and Yahoo for the right to purchase Skype, eBay has been unable to integrate its VoIP services into eBay.

There were several rumors the past couple of weeks that an investor group would purchase Skype, but the deal wasn't confirmed until today.  Venture capital firm Andreessen Horowitz, private equity firm Silver Lake Partners, venture capital firm Index Venture and Canada pension Plan Investment Board are several of the investors involved in the purchase.

Analysts are unsure if Skype will be able to grow as an independent company, but the investor groups will likely keep a tight control of the company.

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Lets see where this goes
By oTAL on 9/2/2009 7:38:34 AM , Rating: 4
I was hoping that Google would win the bid here.

The Skype application has some really strong points IMHO and those would make a fusion with GTalk and Google Voice into a great integrated communication platform.

Some may say that would give too much power to Google, which is definitely true and should be carefully handled, but the comfort of having your Skype IM and voice conversations (transcripts) saved long with your email on Gmail would be awesome. The day will come =).

RE: Lets see where this goes
By knitecrow on 9/2/2009 8:17:03 PM , Rating: 2
Google has google voice. It is only a matter of time before Google voice matures and faces skype headon. Skype is in a lot of trouble when that happens.

RE: Lets see where this goes
By diego10arg on 9/3/2009 10:00:20 AM , Rating: 2
I'd love to see a desktop sharing tool from Googletalk as Skype's.

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