Group Of Investors Considering Bidding On Skype
Several investors are considering making a bid on Skype, the voice-over-IP service owned by eBay. eBay bought out Skype for about $4.1 billion in September 2005 but failed to find a real way to integrate the service into their system.
Some of the investors considering making a bid includes Andreesen Horowitz and Index Ventures. Index Ventures was one of the early investors in Skype. There is also rumored to be another multi-billion dollar private equity company involved according to TechCrunch.
At one point eBay was considering having Skype have their own IPO. It is unclear whether the current Skype CEO Josh Silverman will still be involved if an acquisition does take place. While Silverman was running Skype, the company grew to $551 million in revenue this year. By 2011, eBay expects Skype to hit about $1 billion in revenues.
Niklas Zennström and Janus Friis both started Skype together shortly after KaZaa. If Skype gets acquired, then the private equity companies and investors would probably work towards an IPO.This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry