eBay Sells Skype For $1.9 Billion… Wow!

I guess that eBay has decided that its investment in eBay isn’t going to pay off anytime soon as they’ve unloaded most of the VoIP provider for $1.9 billion. The group that’s buying Skype is an interesting bunch:

The investor group, which will take a roughly 65 percent stake in Skype, is led by Silver Lake and includes Index Ventures, Andreessen Horowitz, and the Canada Pension Plan (CPP) Investment Board. The remaining 35 percent of the Internet telephony service will be retained by eBay.

The key names here are Andereessen Horowitz. The Andereessen part is Marc Andereessen who among other things created the Netscape browser. It also looks like Canada will get in on the action too. Being Canadian, I like that.

Trading in Ebay initially spiked on the back of the announcement but dropped since then. I’m not quite sure what that means.

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