Ebay which is a popular online auction site has agreed to sell a large stake of its internet phone company Skype for approximately £1.2billion.
The majority of the company is owned by private investors including Netscape’s co – founder Marc Andreessen and private equity firms. Ebay will keep a 35% stake in the firm which has been on the market to sell for awhile now. The new owners are Andreessen Horowitx, Index Ventures who originally invested in Skype. Earlier this year Ebay had planned on selling its shares in 2010 which was the first indication that it was up for sale.