Posted by: Will | September 1, 2009

Ebay Said To Have Deal To Sell Skype

According to NYtimes and Mashable, Ebay is said to have acquired a deal with private investors to sell its VOIP (Voice Over Internet Protocol)  service Skype. The investment group is known as Andreessen Horowitz venture Capital Firm, co-founded by Netscape’s founder Marc Andreessen. The deal terms are not yet disclosed. eBay has said it wants around $2 billion for Skype, which is on track to take in more than $600 million in revenue this year.

eBay acquired Skype in 2005 , outbidding Google and Yahoo in a deal that is viewed as one of the worst technology transactions of the decade. eBay later wrote down $900 million of Skype’s value, after it became clear that the company was bit a good fit with eBay’s main e-commerce and online business.

Lat month, eBay had negotiated with Google over buying Skype, according to a person who was briefed on those discussions. But Google finally walked away from the deal worrying that continued litigation could leave it vulnerable to immense damages.

Google also feared that owning Skype mat also alienate wireless carriers, which offer their customers phones running Google’s Android Software.

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