Ebay Plans to Sell Off 65pc Stake in Skype for Pounds 1.2bn

Summary

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Internet auction site eBay yesterday announced plans to sell a 65 per cent stake in its online phone business Skype for about $2 billion (pounds 1.2 billion).

A group of private equity investors has agreed to buy the controlling shareholding in Skype, which allows people to make free or cheap voice and video calls on computers and mobile phones.

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Extract

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Ebay Plans to Sell Off 65pc Stake in Skype for Pounds 1.2bn

The purchasing consortium is led by Silver Lake and includes Index Ventures, an original Skype backer. The Canada Pension Plan Investment ...

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