Ebay to Sell Off Skype
According to the New York Times, Ebay today is expected to announce a deal to sell off Skype to a group of private investors, which are likely to include Andreessen Horowitz, a new venture capital firm spearheaded by Netscape co-founder Marc Andreessen. At least two other investors are said to be part of the group.
If it happens, the sale will mark the end of a rather uneventful four-year run since Ebay acquired Skype in 2005. All told, Ebay has forked over more than $3.1 billion on the venture, much higher than what many consider the VoIP service is worth.
An interesting side-story to the potential deal is whether or not Skype’s founders — Niklas Zennstrom and Janus Fiis — are involved. The two developers had approached private equity firms earlier this year and hoped to make a bid for their old company, but Ebay wanted more than what was being offered. No price has been disclosed on the potential deal now being reported, although Skype has said it wants in the neighborhood of $2 billion.
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