eBay to announce Skype sale


eBay to announce Skype sale

Warwick Ashford

Online auction firm eBay is expected to announce the sale of its internet telephony division Skype to a group of private investors later today.

Just over a year ago, eBay said it would consider selling off Skype if it failed to find any real synergies with its core e-commerce business.

The group of investors is believed to include London-based venture capital firm Index Ventures, according to the New York Times.

Venture capital firm Andreessen Horowitz, led by Netscape co-founder Marc Andreessen and private equity firm Silver Lake Partners, have also been named as likely investors.

It is not known if Skype's founders, who tried to raise funds earlier this year to buy back their old company, are among the new group of investors.

EBay has indicated that it is looking for around $2bn for Skype, which is expected to earn more than $600m in revenue this year.

EBay acquired Skype in 2005 for over $3bn including payouts to Skype's founders, but later said the company was not a good fit with eBay's e-business operations.

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