Skype sold, deal done. No surprises.
Skype blog post ("Great news – we’ve closed the deal with the new investors.") and news release.
Investor group pays Skype $1.9 billion in cash, $125 million note for 70% of Skype. eBay buys a $50 million note from them. Investors include Silver Lake, Canada Pension Plan Investment Board, Andreessen Horowitz Fund, and Joltid Limited. Skype now owns Joltid's peer-to-peer intellectual property, free and clear.
All the talent dedicated to replacing Joltid's p2p engine have been reassigned to other Skype engineering projects, like its forthcoming platform for third-parties.
This deal:
- Sold! The bullets, Phil Wolff, Skype Journal, November 6, 2009
- The rumored deal devalues Skype five percent, Skype Journal, November 6, 2009
- How much gold do you pay pirates?, Skype Journal, November 4, 2009
- eBay 2009q3 investor results (the Skype parts), Skype Journal, October 22, 2009
- Volpi's Skype Business Concept: SIP, social, lite, layoffs, Skype Journal, October 14, 2009
- Is Joltid's using the world's best patent troll law firm?, Skype Journal, September 20, 2009
- Lawyers are cheap, Skype Journal, September 17, 2009
- Labor Day thoughts on the 2009 Skype sale, Skype Journal, September 7, 2009
- Who will own Skype? Om picked up the phone, Skype Journal, September 3, 2009
- The Skype sale: Hot Buzz and No Response, Skype Journal, September 1, 2009
- Skype sale: 20 Things We Don't Know, Skype Journal, September 1, 2009
- The Sale as described by the Buyers, Skype Journal, September 1, 2009
- Skype CEO: "Today, Skype begins a new chapter", Skype Journal, September 1, 2009
The last deal:
- Who got what when Skype's investors sold to eBay? Phil Wolff, Skype Journal, June 7, 2007
- Sold to mwhitman, a member from San Francisco, Martin Geddes, Skype Journal, September 13, 2005
tags: skype, sale, spinout, spinoff, m&a, acquisition, ebay, investors, eBay, Silver Lake, silverlake, Canada Pension Plan Investment Board, cppib, Andreessen Horowitz Fund, AndreessenHorowitz, Joltid, p2p, peer-to-peer, intellectual propertyproperty
Call me at +1-510-316-9773, Skype me, follow @skypejournal and @Phil Wolff.
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Labels: business, ebay, financials, p2p, skype, spinoff, spinout
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