dticorp
Joined: 19 Aug 2006
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| Posted: Tue Aug 10, 2010 5:56 am Post subject: Forbes: Skype IPO Expected To Boost EBay |
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Forbes: Skype IPO Expected To Boost EBay
The biggest beneficiaries of Skype’s upcoming initial public offering (IPO) will be the investment firms that purchased the Internet calling firm for about $1.9 billion last fall. But analysts expect former parent company eBay, which retained a 30% stake in Skype, to profit from the liquidity event, too.
In an Aug. 9 research note, Jefferies & Co. analyst Youssef Squali said Skype’s plan to go public should give eBay “financial flexibility to pursue strategic acquisitions in the U.S. and/or share buyback.” His reasoning: he expects eBay’s 30% stake to be valued above the $855 million implied by last year’s sale of Skype to a group of private investors that included Silver Lake, Andreessen Horowitz and the Canada Pension Plan Investment Board.
Rest of the article here:
http://blogs.forbes.com/elizabethwoyke/2010/08/09/skype-ipo-expected-to-boost-ebay/
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