(RTTNews) - eBay Inc. (EBAY:
News ) announced the successful completion of the sale of its Skype communications unit in a deal valuing the business at $2.75 billion. The buyer, who will control an about 70% stake, is an investor group led by Silver Lake and includes Joltid Limited and certain affiliated parties, the Canada Pension Plan Investment Board and Andreessen Horowitz.
eBay received about $1.9 billion in cash and a note from the buyer in the principal amount of $125 million. The company retained an around 30% equity investment in Skype. The company also purchased senior debt securities with a face value of $50 million as part of a Skype debt financing.
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by RTT Staff Writer
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