socialmedian: Sold! The bullets

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Sold! The bullets

Source: Skype Journal

Nov 06, 2009

Summary

The deal values Skype at $2.75 billion.
Index is out, freeing up 2.4% of the equity.
Niklas Zennström and Janus Friis are in.
They are contributing Joltid software for 10% of the company.
They are paying $83 million for 4% of the company (a discount, since that would value the $2.08 billion).
They are dropping the ugly lawsuits.
eBay will keep 30%, instead of 35%.
eBay still gets $1.9 billion cash.
Silver Lake, Andreessen Horowitz, and other investors will own 56%, down from 65%.
This values the Joltid IP at $275 million.

This begs the question: Why didn't Meg Whitman buy the Joltid IP when it was vastly cheaper in 2005? In 2005 the only market for the Global Index was to iffy music sharing services without a business model.

Congrats to all for this stage being over. So will Skype's next big liquidity event be an IPO or a merger? If M&A, with whom?

eBay's release:

Nov 6, 2009

eBay Inc.

eBay Inc. and Silver Lake Investor Group Settle Skype Litigation with Joltid Limited

SAN JOSE, Calif.--(BUSINESS WIR

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