Andreessen Horowitz

eBay Completes Sale of Skype Unit to Investor Group

Authored by Mark Hefflinger on November 20, 2009 - 9:34am.

San Jose, Calif. - Nearly three months after first announcing the deal, online auction giant eBay (NASD: EBAY) said that it has completed the sale of a majority stake in its Skype Internet telephone business to an investment group headed by Silver Lake Partners. Under the deal, the investor group -- which also included Joltid Limited, the Canada Pension Plan Investment Board and Andreessen Horowitz -- paid $1.9 billion and a $125 million note in exchange for a 70% stake in the unit.

Skype Litigation Settled; Sale by eBay to Investors to Proceed

Authored by Mark Hefflinger on November 6, 2009 - 8:35am.

San Jose, Calif. - Skype parent company eBay (NASD: EBAY) announced on Friday that litigation between an investor group looking to acquire Skype and the creators of the Internet telephone service has been settled, and that its sale of a majority stake in Skype will now proceed. As a result of the settlement, the acquisition deal has been restructured, and Skype creators Niklas Zennstrom and Janus Friis will now join the investor group, led by Silver Lake, and make a "significant capital investment" in exchange for a 14% stake in Skype.

eBay Sells 65% Stake in Skype to Investor Group for $1.9B

Authored by Mark Hefflinger on September 1, 2009 - 7:12am.

Menlo Park, Calif. - Online auction giant eBay (NASD: EBAY) announced on Tuesday that it has agreed to sell a majority 65% stake in its Skype Internet telephone unit to an investor group led by Silver Lake for about $1.9 billion in cash. Other members of the investor group include Index Ventures, Andreessen Horowitz and Canada Pension Plan Investment Board. The deal values Skype at $2.75 billion.

Netscape Founder Marc Andreessen Launches $300M VC Firm

Authored by Mark Hefflinger on July 8, 2009 - 7:20am.

Menlo Park, Calif. - Netscape co-founder Marc Andreessen and long-time business partner Ben Horowitz have raised $300 million to form a new Silicon Valley-based venture capital firm that plans to provide investments of $50,000-$50 million to technology start-ups.

Netscape Founder Marc Andreessen Outlines Plans For $300 Million VC Company

Authored by Jay Baage on July 6, 2009 - 9:22am.

Silicon Valley - Marc Andreessen and long-time business partner Ben Horowitz have raised $300 million in fresh capital to form a new venture capital company called “Andreessen Horowitz.” The focus of all investments will be “new” business model areas, including consumer internet, cloud computing and consumer electronics. The company will also invest in some B2B-plays, such as virtualization and cloud storage.