Silver Lake leads $2bn Skype deal

Silver Lake, Index, CPPIB and Andreessen Horowitz will pay $1.9bn in cash and $125m in debt to purchase a majority stake in the VOIP company from eBay.

eBay will sell a 65 percent stake in its Skype Internet communications unit to a group of investors led by Silver Lake for $1.9 billion in cash and $125 million in debt.

The investor group includes venture firms Index Ventures, Andreessen Horowitz and the Canadian Pension Plan Investment Board. The deal values the company at $2.75 billion, according to eBay.

The deal, which is expected to close in the fourth quarter of 2009, ends eBay’s plans to take Skype public, which it had slated for 2010.

eBay acquired Skype in 2005 for about $2.5 billion and has since written down the value of the business by $1.4 billion, according to the Financial Times. Index was one of Skype’s original backers before its sale to eBay.

Last year, Silver Lake Partners closed its third, tech-focused fund on $9.3 billion. Index closed its fifth fund on €350 million in March. Andreessen Horowitz was founded by Marc Andreessen, a founder of Netscape and a director of eBay.