Sullivan & Cromwell will advise Skype on its long-anticipated initial public offering, through which the voice and video Web communications company expects to issue U.S. shares worth about $100 million, according to The Associated Press and the Securities and Exchange Commission filing that detailed the IPO Monday.
That S&C nabbed the assignment is not a surprise. The firm, led by London-based partner Richard Morrissey, advised the consortium of investors that acquired a controlling stake in Skype from the online auction site eBay for about $2 billion in September of last year, according to our reporting on that deal.
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