Online auction site eBay Inc. has signed a definitive agreement to sell 65 percent of its online video conferencing company, Skype, to a group of investors led by private-equity firm Silver Lake Partners. Also, Japanese pharmaceutical company Dainippon Sumitomo Pharmaceutical Co. Ltd. has purchased Massachusetts-based pharmaceutical company Sepracor in a $2.6 billion agreement.
September 17, 2009 at 12:00 AM
1 minute read
Online auction site eBay Inc. has signed a definitive agreement to sell 65 percent of its online video conferencing company, Skype, to a group of investors led by private-equity firm Silver Lake Partners.
Investors will pay $1.9 billion in cash upfront, including a note worth $125 million for 65 percent ownership of Skype. EBay will retain a 35 percent stake.
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