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eBayeBay Completes Sale of Skype Unit to Investor GroupAuthored 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.
tags: Deals | eBay | Acquisitions | Skype | Silver Lake Partners | Andreessen Horowitz | Canada Pension Plan Investment Board | Joltid | Janus Friis | Niklas Zennstrom |
Skype Litigation Settled; Sale by eBay to Investors to ProceedAuthored 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.
tags: Deals | Law | Lawsuits | eBay | Acquisitions | Skype | Joost | Mike Volpi | Silver Lake Partners | Andreessen Horowitz | Janus Friis | Niklas Zennstrom |
Report: Skype Creators, eBay, Investors Near SettlementAuthored by Mark Hefflinger on November 4, 2009 - 9:29am.
San Francisco - Litigation between the inventors and former
owners of Internet phone service Skype, current owner eBay (NASD: EBAY), and an investor
group looking to acquire Skype from eBay, could be nearing a settlement, The New
York Times reported, citing several people who have been briefed on the
situation. Niklas Zennstrom and Janus Friis -- the inventors of Skype and the
peer-to-peer technology behind file-sharing service Kazaa and video portal
Joost -- sued the investor group in a bid to block their acquisition of Skype
from eBay.
eBay Launches "Bill Me Later" Payment OptionAuthored by Mark Hefflinger on October 19, 2009 - 12:02pm.
San Jose,
Calif. - A year after paying $945
million to acquire Bill Me Later, online auction giant eBay (NASD: EBAY) and that it has
officially added the company's service as a payment option at checkout. The
service, available through PayPal, lets online shoppers pay for items without
the use of a credit card, Instead, shoppers provide their birth date and last
four digits of their social security number, and later receive a bill in the
mail.
Skype Creators Seek Injunction Against Former Joost CEO VolpiAuthored by Mark Hefflinger on October 15, 2009 - 9:00am.
 Wilmington,
Del. - The creators of
peer-to-peer services Kazaa, Skype and Joost have asked a federal court for an
injunction against former Joost CEO Mike Volpi and Index Ventures, where he is
now a partner, to prevent them from using trade secrets in their bid to acquire
Skype from eBay. Developers Niklas Zennstrom and Janus Friis allege that Volpi
breached his duties to Joost while employed there by dangling a prospective
workaround -- that would eliminate the need for Skype to use Zennstrom's and
Friis' peer-to-peer technology -- to investors looking to acquire Skype from
eBay (NASD: EBAY).
tags: Deals | Law | Lawsuits | P2P | eBay | Acquisitions | Skype | Joost | Index Ventures | Mike Volpi | Joltid | Janus Friis | Niklas Zennstrom |
Skype Founders Sue eBay for Copyright InfringementAuthored by Mark Hefflinger on September 17, 2009 - 9:41am.
San Francisco
- Joltid, the company operated by Skype and Kazaa creators Janus Friis and
Niklas Zennstrom, has filed a copyright infringement suit against Skype parent company eBay (NASD: EBAY), which
could have an adverse affect on eBay's $2 billion sale of the Internet
telephone company to a group of investors, The Wall Street Journal reported. The
pair left Skype two years after eBay acquired the company from them for $2.6
billion in 2005, but retained the rights to the service's underlying peer-to-peer
technology.
tags: Deals | Law | Lawsuits | P2P | eBay | Acquisitions | Skype | Joltid | Janus Friis | Niklas Zennstrom |
eBay Sells 65% Stake in Skype to Investor Group for $1.9BAuthored 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.
tags: Deals | eBay | Acquisitions | Skype | Silver Lake | Index Ventures | Andreessen Horowitz | Canada Pension Plan Investment Board |
EFF Creates Website Terms of Service-Tracking ToolAuthored by Mark Hefflinger on June 5, 2009 - 9:35am.
San Francisco
- The Electronic Frontier Foundation (EFF), a digital civil liberties advocacy
group, has launched a news Web tool that tracks changes to the "Terms of
Service" policies of major companies, which govern how they use personal
information.
eBay to Launch MP3 Download Store in SpainAuthored by Mark Hefflinger on May 8, 2009 - 12:40pm.
Los Angeles - Online auction
giant eBay (NASD: EBAY) plans to launch an MP3 download store in Spain, Billboard reported. The eBay
download store in Spain
will be powered by France-based Starzik, and offer games and other
entertainment in addition to song downloads. Ebay has also partnered with
Universal Music Australia
to launch a download store in that country.
eBay to Acquire Korean Commerce Site GmarketAuthored by Jay Baage on April 17, 2009 - 10:35am.
San Jose, Calif. - Hoping to sharply boost its business in Korea, online auction giant eBay said that it will pay up to $1.2 billion to acquire Korean e-commerce site Gmarket.
EBay Announces IPO for Skype in First Half of 2010Authored by Mark Hefflinger on April 14, 2009 - 11:05am.
San Jose,
Calif. - Online auctioneer eBay (NASD: EBAY)
announced on Tuesday that it plans to spin-off its Skype Internet telephone
unit in an initial public offering in the first half of 2010. "Skype is a
great stand-alone business with strong fundamentals and accelerating
momentum," said eBay president and CEO John Donahoe. "But it's clear
that Skype has limited synergies with eBay and PayPal. We believe operating
Skype as a stand-alone publicly traded company is the best path for maximizing
its potential."
EBay Unloads StumbleUpon Recommendation EngineAuthored by Mark Hefflinger on April 14, 2009 - 8:32am.
San Jose,
Calif. - Online auction giant
eBay (NASD: EBAY) has sold its StumbleUpon recommendation engine back to its original
founders for an undisclosed sum.
NYT: Skype Co-Founders Seek to Repurchase Firm From eBayAuthored by Mark Hefflinger on April 13, 2009 - 10:12am.
New York
- The co-creators of Internet telephone service Skype, who sold their venture
to eBay (NASD: EBAY) four years ago for $2.6 billion, are now looking to raise money to help
finance a repurchase of the company from eBay, The New York Times reported. Skype
co-founders Niklas Zennstrom and Janus Friis "have approached several
private equity firms and are pooling their own substantial resources to make a
bid for the Internet calling service," people with knowledge of the plan
told The Times.
Skype to Launch Applications for iPhone, BlackBerryAuthored by Mark Hefflinger on March 30, 2009 - 11:28am.
Nokia to Integrate Skype Internet Phone Service Onto MobilesAuthored by Mark Hefflinger on February 17, 2009 - 1:48pm.
Barcelona
- Skype, the Internet phone service owned by eBay (NASD: EBAY), on Tuesday announced a deal
with Nokia (NYSE: NOK) to bundle its service on a range of Nokia mobile phones. Set to
first become available on the Nokia N97 in the third quarter, the service will
let mobile callers use 3G and WLAN to make and receive free Skype-to-Skype
voice calls, as well as low-cost Skype calls to landlines and mobile devices.
Former eBay Head Meg Whitman Launches Run for CA GovernorAuthored by Mark Hefflinger on February 9, 2009 - 12:04pm.
San Jose, Calif.
- Meg Whitman, the former president and CEO of eBay (NASD: EBAY), on Monday took the
initial steps in her possible run for governor of California.
eBay Founder Omidyar's Twitter Venture Ginx Gets $2 MillionAuthored by Mark Hefflinger on January 15, 2009 - 8:31am.
Honolulu - eBay founder Pierre Omidyar has co-founded a new venture, a twitter client called Ginx, and raised around $2 million in financing for the company, PEHub.com reported, citing a regulatory filing. eBay Bans Sale of Obama Inauguration TicketsAuthored by Mark Hefflinger on November 14, 2008 - 10:49am.
Washington - Though more than 1 million people are expected in DC for January's historic inauguration of President-elect Barack Obama, they won't be able to purchase highly coveted tickets to the event on eBay (NASD: EBAY). eBay Closes $945 Million Deal for Bill Me LaterAuthored by Mark Hefflinger on November 7, 2008 - 10:24am.
San Jose, Calif. - eBay (NASD: EBAY), the online auction giant, said on Friday that it has completed its $945 million acquisition of Bill Me Later, developer of a service that allows customers to pay for their online purchases without using a credit card. Analysis: Top 20 Web 2.0 WebsitesAuthored by Heather Hopkins on August 5, 2008 - 6:04am.
 Two weeks ago when I posted an entry about Google's interest in Digg
(the deal fell through) I wondered what other big web 2.0 properties
remain independent. The following table lists 20 of the top Web 2.0
properties based on share of US Internet visits.
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