Ebay Sells Skype
Posted by: seoforever on: November 21, 2009
Ebay has just announced it has completed the sale of Skype, valuing the company at $2.75 billion.
The company received approximately $1.9 billion in cash and a note from the buyer in the principal amount of $125 million. The company also retained approximately 30 percent equity investment in Skype.
Skype, which allows users to make telephone calls over the internet, was purchased by the online auction pioneers in 2005 for $2.6 billion. The peer-to-peer Internet telephony network turned successful communication company boast 521 million and $185 million in quarterly revenue. Critics of the deal have charged Skype was hugely overpaid in the buyout, perhaps in part due to an unsuccessful integration of Skype’s core technology to eBay’s platform.
On September 1, 2009, a group of investors led by Silver Lake bought 70 percent of Skype for $1.9 billion with Skype founders Niklas Zennström and Janus Friis owning 14% of the 70.
This comes on the heels of very public disputes between Skype and eBay regarding some technology licensing and just two weeks ago they reached a settlement which included the 14% stake, board seats and allowed Skype to retain ownership of its technology.
Now the only question that remains, where will Skype go on its own?
Leave a Reply
Search
- Haiti Earthquake Image Gallery - Haiti Earthquake images - Haiti Earthquake pics
- .Railway Enquiry, Booking & Train TimeTable ,Railway Websites,PNR status
- Hyderabad Tourism
- Naga Vaishnavi brutally murdered in Guntur.
- Image Gallery
- TCS restores its website after hackers put it up for sale
- Majority of Indians use Twitter for news
- Vaishnavi was murdered on way to Guntur?
- World News
- YSR (1949-2009)
- Indian taxi driver attacked in UK « Hyderabad News is the one stop … | Indian Today: [...] is the original: Indian taxi driver attacked in UK « Hyderabad News is the one stop … Share and [...]
- Tweets that mention Hot new options « Hyderabad News is the one stop online destination for city latest Breaking news-National News (India) -- Topsy.com: [...] This post was mentioned on Twitter by News Hyderabad, News Hyderabad. News Hyderabad said: Hot new options: Explore a range of new courses in fa
- Tweets that mention Teen says Taliban promised him a job « Hyderabad News is the one stop online destination for city latest Breaking news-National News (India) -- Topsy.com: [...] This post was mentioned on Twitter by Lahore News, News Hyderabad. News Hyderabad said: Teen says Taliban promised him a job: http://wp.me/pBFwA
Author : Nagraj
seoforeverImage of the Day
Twitter Hyderabad
Translate Blog Widget (Using Flags)
Visitors Locations
Recent Comments