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eBay Finally Closes Skype Deal

Announced yesterday via the Skype blog, the deal values the VoIP company at a whopping $2.75 billion. TechCrunch reports that eBay received approximately $1.9 billion in cash and a note from the buyer in the principal amount of $125 million. The online auctioneer also retained an approximately 30 percent equity investment in Skype and purchased senior debt securities with a face value of $50 million as part of a Skype debt financing.

eBay's plan to sell Skype was first confirmed by the company in September when Skype president Josh Silverman announced that the VoIP company was being spun off from eBay and would once again operate as an independent company.

"A small group of venture capital funds have agreed with eBay to acquire a majority stake in Skype," Silverman said at the time. "The group is led by Silver Lake Partners, joined by Index and Andreessen Horowitz Ventures," he continued. "You may recognize some names – for example Danny Rimer and Mike Volpi (both at Index Ventures) who were some of the earliest Board members and supporters of Skype."

Silverman reiterated the news when he announced that the deal was finally all stitched up, adding, "Our journey continues: say hello to the future!"

eBay purchased the company in 2005, a move that boggled many at the time. And, in the four years that it owned Skype, eBay was criticized for doing very little with the online phone company. Do you think this is a good move for Skype? Let us know in the comments below!