Skype now at this great valuation, while retaining an equity stake,
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."
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
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.
quote: I still don't see how buying Skype was ever a good idea for them. There is literally no connection between them besides both being web based.