Buying from the U.S. Government. Collectibles, Books, and More.Find government publications and shop for gifts, collectibles, souvenirs, and more.Confirmed e. Bay Sells Skype In Deal Valuing It At 2.Billion. We now have confirmation of the sale of Skype, a story we broke last week and was yesterday proclaimed a done deal by NY Times reporters.The acquiring party is indeed an investor group led by private equity firm Silver Lake Partners, who likely paid the bulk of the amount Skype was sold for.Other investors include VC firms Andreessen Horowitz and Index Ventures a previous investor in Skype, as well as the Canada Pension Plan CPP Investment Board.Buying from the U.S. Government. Find out about surplus sales, collectibles, and other items available through purchase or auction.Auctions and Sales.Sells information for auction sellers including directories, manuals and newsletter.The new investors will buy approximately 6.Skype, with e. Bay continuing to own 3.Skype at 2. 7. 5 billion US.Bay is expected to receive approximately 1.Auction Ebay Selling Software Topics For Argumentative EssaysThe transaction, which is not subject to a financing condition, is expected to close in the fourth quarter of 2.Worth noting Andreessen Horowitz partner Marc Andreessen sits on the e.Bay Board of Directors.Ebay had reportedly been looking to sell Skype for 2 billion, compared to the 3.Niklas Zennstrom and Janus Friis back in 2.Since then, e. Bay has written down nearly a billion dollars of the deal value after realizing the supposed synergies werent going to pan out as planned.Skype is said to be making approximately 6.Earlier this year, e.Bay had announced that they would be spinning off the company in an IPO in 2.As Michael noted when he broke the news about the impending deal that was confirmed today, these announcements are often made to generate acquisition offers from potential suitors.If Skype will ultimately be floated on the stock market in the near future remains to be seen.Full release is below, and bares no mention about the litigation currently at hand between e. Instructions On How To Install Parquet Flooring there. Bay and its initials founders over key Skype technology.Auction Ebay Selling Software Topics For Research' title='Auction Ebay Selling Software Topics For Research' />Full press release e.Bay Inc. NASDAQ EBAY today announced it has signed a definitive agreement to sell its Skype communications unit in a deal valuing the business at 2.The buyer, who will control an approximately 6.Business, Dealerships 51 Secrets to eBay Success Entrepreneur.Silver Lake and includes Index Ventures, Andreessen Horowitz and the Canada Pension Plan CPP Investment Board.Bay is expected to receive approximately 1.The company will retain an approximately 3.Skype. The transaction, which is not subject to a financing condition, is expected to close in the fourth quarter of 2.This is a great deal, unlocking both immediate and long term value for e.Bay and tremendous potential for Skype, said e.Bay Inc. President and CEO John Donahoe.Weve acted decisively on a deal that delivers a high valuation, gives us significant cash up front and lets us retain a meaningful minority stake with talented partners.Skype is a strong standalone business, but it does not have synergies with our e commerce and online payments businesses.As a separate company, we believe that Skype will have the focus required to compete effectively in online voice and video communications and accelerate its growth momentum.Commenting on the deal, Egon Durban, managing director at Silver Lake, said Skype is an innovative, next generation company that has changed how people and businesses communicate with each other.This transaction benefits all parties involved and will allow Skype the opportunity to accelerate the growth of its business by harnessing the deep technological and company development expertise that resides within the investor group.Josh Silverman has done a strong job leading the company and we look forward to working with Josh and his team to grow the Skype franchise.In April 2. Bay announced plans to separate Skype from the company, beginning with an IPO in 2.The decision followed a year long review of Skype within e.Bays portfolio. As it prepared for an IPO, the company said it would naturally consider bids for Skype that offered an attractive valuation.Donahoe said the deal offered by the investor group achieved that.This deal achieves our goal of delivering short and long term value to e.Bay and its stockholders, without the possible delays and market risk of an IPO, Donahoe said.Selling Skype now at this great valuation, while retaining an equity stake, makes sense for the company.And it allows us to focus all of our energies on the opportunities in front of Pay.Pal and e. Bay. Acquired by e.Bay in 2. 00. 5, Skype has strengthened considerably since early 2.Donahoe was named e.Bays CEO and tapped company executive Josh Silverman to lead Skype.Silverman has driven strong momentum while building a new management team and delivering a series of Skype innovations such as software upgrades with dramatically improved video and calling quality, the widely popular Skype i.Phone app and mobile partnerships with companies such as Nokia and Hutchison.In 2. 00. 8, Skype generated revenues of 5.Total e. Bay Inc.Registered Skype users reached 4.Skype is attracting hundreds of thousands of new users each week.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. Archives
November 2017
Categories |