This week’s edition of the Laundry Room Chronicles is about eBay’s agreement to sell a 65% stake of Skype to a group of private investors, at an enterprise value of $2.75 billion. Buyers include Silver Lake Partners, Canada Pension Plan, Andreessen Horowitz and Index Ventures.
Also worth noting that this deal would be the year’s largest leveraged buyout of a U.S.-based company (based on eBay’s headquarters), or the third-largest buyout of a foreign company (based on Skype’s Luxembourg headquarters). The sale is not financing-contingent, but does have debt lined up from JP Morgan, Barclays and RBC.Â