EBay Sells Majority Stake In Skype For $2.75B

Law360, New York (September 1, 2009, 7:06 PM EDT) -- EBay Inc. said Tuesday it had sold a majority stake in Internet calling business Skype Technologies SA to a group of private investors led by Silver Lake Partners in a deal valuing the business at $2.75 billion.

The online auctioneer expects to receive $1.9 billion in cash and a note from the buyer in the principal amount of $125 million. The deal is not subject to a financing condition and is expected to close in the fourth quarter, eBay said.

In addition to Silver Lake, the...
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