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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.

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