eBay Inc. Completes Sale of Skype to investor group led by Silver Lake.

ACQUISITION

Acquirer: Investor group led by Silver Lake and includes Joltid Limited and certain affiliated parties, the Canada Pension Plan Investment Board and Andreessen Horowitz
Web: http://www.silverlake.com
Location: USA, Cupertino, CA
Region: North America
Description: Private Investment firm
Contact:

  • Jim Davidson, co-founder of Silver Lake and Chairman of the Executive Committee
  • Glenn Hutchins, co-founder of Silver Lake

Target: Skype (from eBay)
Web: www.ebayinc.com
Location: USA, San Jose, CA
Region: North America
Description: Video and voice calls, send instant messages and share files

Contacts: John Donahoe, President and CEO eBay

Approximate value: $2.75bn

Details: eBay Inc. (NASDAQ: EBAY) announced today that it has successfully completed the previously announced sale of its Skype communications unit in a deal valuing the business at $2.75 billion. The buyer, who will control an approximately 70 percent stake, is an investor group led by Silver Lake and includes Joltid Limited and certain affiliated parties, the Canada Pension Plan Investment Board and Andreessen Horowitz.

eBay received approximately $1.9 billion in cash and a note from the buyer in the principal amount of $125 million. The company retained an approximately 30 percent equity investment in Skype. The company also purchased senior debt securities with a face value of $50 million as part of a Skype debt financing.

Link: Press Release 

Database Acquisitions – November 2009

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