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The previously announced sale of a 70 pct stake had been held up by lawsuits. File photo
Online auction giant EBay announced it has completed the sale of its Skype Internet phone unit in a USD 2 B deal.
The buyer group, which will control a stake of about 70%, was led Silver Lake and includes Joltid Ltd., the Canada Pension Plan Investment Board and Andreessen Horowitz.
The previously announced sale had been held up by lawsuits filed by Skype founders Niklas Zennstrom and Janus Friis.
Zennstrom, a Swede, and Friis, a Dane, settled the suits this month and will hold a 14% stake in Skype through their new company, Joltid Ltd.
EBay will retain a 30% equity investment in Skype.
EBay received USD 1.9 B in cash and a note for USD 125 M.
Several major tech companies are reshaping their workforce dynamics at the beginning of 2024, with eBay becoming the latest to announce substantial layoffs
The 2019 Innowave Summit will take place in Varna on October 18 and 19 at the Palace of Culture and Sports.
Fifteen years after its launch, Skype is finally getting a built-in call recording feature.
Skype, Microsoft Corp’s internet phone call and messaging service, has been unavailable for download from a number of app stores in China, including Apple Inc‘s, for almost a month, New York Times reported on Tuesday, quoted by Reuters.
ISIS used bogus eBay deals to funnel money to an operative in the U.
Skype, the distributed by Microsoft application for video calling and business communications, has collapsed today across Europe.
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The Kremlin has announced that Russian President Vladimir Putin has ordered an “Easter ceasefire” in the war in Ukraine, declaring a temporary halt in hostilities lasting around 36 hours
A group of Members of the European Parliament has raised concerns over the potential leakage of confidential EU information to Russia, urging stronger safeguards within the European Parliament
Moldovan President Maia Sandu has formally enacted legislation withdrawing the country from the Commonwealth of Independent States (CIS), marking a decisive step in Chisinau’s gradual disengagement from Russian-led structures
The European Public Prosecutor’s Office (EPPO) has carried out a series of coordinated investigative actions across several countries, including Bulgaria and Romania, as part of a probe into suspected large-scale fraud involving EU funds
A fragile ceasefire between the United States and Iran has coincided with escalating tensions over the Strait of Hormuz, where Iran has moved to tighten control over one of the world’s most critical maritime routes
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