The rumored deal devalues Skype five percent

UPDATE: MORE TO COME.

The September 2009 deal valued Skype at $2.9 million. Post-deal, eBay would own 35%, Silverlake 50.6%, Canada Pension Plan (CPP) Investment Board 10.26%, Index Ventures Growth Fund 2.39%, Andreessen Horowitz 1.71%.

The new deal, as described by Kara Swisher, shuffles the percentages. Skype's founders get 10% of Skype in exchange for Joltid's intellectual property. (Does that mean the company? the software? permission to use the software? putting the software in the public domain FTW?). The founders can buy another 3% for $83 million cash. So 13% to the Z/F.

This means two things.

First, someone is giving 13% equity to Z/F. Beyond Index's 2.4%, where does the other 10.6% come from? Would the new investors devalue their stake? If eBay is paying off Z/F, they'll cut their ownership from 35% to 24.4%.

The rumored $83MM for 3% values Skype at $2.76 billion, discounted $157 million (5.4%) from the $2.92 billion when the deal was announced. Sweet for

No word if the investment is through Niklas Zennström's and Janus Friis's Atomico Ventures. Atomico's portfolio touches all around Skype without intruding. A maker of Bluetooth headsets, a Wi-Fi network that partnered with Skype, a phone speech-to-text service, a lifestreaming service, a payment service, a realtime conversation search engine, a live video streaming platform, an inbox relevance engine, a live video dating site. If nothing else, this shows Z/F understand Skype's adjacencies, markets Skype could enter or support.

tags: $skype, $ebay, Aliph, Fon, Heysan!, Jott, Kyte, Last.fm, mydeco, Seesmic, Technorati, TrialPay, Woome, Xobni

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