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Shopablogic

Sober IT truths from the island-state

by Suzanna Low, Singapore


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eBay to sell Skype's shares to private investor

Sep 3, 2009 10:38

News broke out yesterday that eBay has agreed to sell 65 percent of Skype's shares to a private investor group led by Silver Lake, for a cool US$2 billion. However, the online marketplace giant still holds 35 percent of the remaining Skype shares.

It's been known that through the years since eBay acquired Skype in 2005, nothing much has been done to promote or grow the product. Skype has since been on an "auto pilot" mode.

Hence, the sale is beneficial for both eBay and Skype as this lessens the load off the online marketplace giant, allowing it to focus on other businesses. Skype, on the other hand, stands to benefit from Silver Lake's technological expertise.





More details of the sale at these links:





 

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About Suzanna Low

Suzanna Low has more than a decade of hands-on in interactive and graphics design, e-commerce and online marketing. In fact, true to the Singapore culture, she's a diehard shopaholic and fancies herself a pioneering e-retailer who learned the painful way how to set up store back when ecommerce emerged on the Internet landscape. Low also claims to speak feline language and sometimes seeks approval for her blog topics with her two house cats.

 
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