Our Latest Discovery

Sep 2 2009   8:07PM GMT

Skype sold for $2.7 billion

Ivy Wigmore Ivy Wigmore Profile: Ivy Wigmore

Not that I was worried about eBay’s finances, but I was glad to see that Skype had at least held its value since the purchase.
Phil Wolff writes about the sale on the Skype Journal:

It happened. Skype’s avalanche of positive cash flow attracted a bid by Skype’s founders. But others beat them to it, as last week’s rumors as reported by Mike Arrington or The Sunday Times came true.

Mark Andreessen and fellow investors plunked down $1.9b cash and allowed eBay to retain 35% investment equity. The total value is reckoned to be $2.7b. Here’s the press release.

 Comment on this Post

 
There was an error processing your information. Please try again later.
Thanks. We'll let you know when a new response is added.
Send me notifications when other members comment.

REGISTER or login:

Forgot Password?
By submitting you agree to receive email from TechTarget and its partners. If you reside outside of the United States, you consent to having your personal data transferred to and processed in the United States. Privacy

Forgot Password

No problem! Submit your e-mail address below. We'll send you an e-mail containing your password.

Your password has been sent to: