Skype founders looking to buy back company

Apr 11, 2009
The two founders of Skype are seeking to buy back the hugely popular Internet telephone service that they sold to online auction giant eBay in 2005, according to US media reports.

The two founders of Skype are seeking to buy back the hugely popular Internet telephone service that they sold to online auction giant eBay in 2005, according to US media reports.

Niklas Zennstrom, from Sweden, and Janus Friis, from Denmark, founded Skype in 2003 and sold it to two years later for 2.6 billion dollars.

They are now seeking to raise one billion dollars from private equity firms to re-claim their brainchild, the New York Times reported Friday, citing several people familiar to the matter.

eBay would be looking to sell the phone service for at least 1.7 billion dollars, the daily reported.

Since its sale the number of Skype users has exploded from 53 million registered users to 405 million users, yet the voice and text company's business model remains modest -- as it relies on mostly free user-to-user calls, its revenue in the 2008 fourth quarter was 145 million dollars.

The auction house's chief executive, John Donahoe, has "repeatedly signaled his willingness to sell Skype for the right price," the Times said, noting that it was unclear whether there have been direct negotiations between the parties.

In recent weeks Skype enabled owners to use its service through a free software application.

, which has its headquarters in Luxembourg, bypasses the standard telephone network by channeling calls over the Internet.

Its service features include being able to call other users free of charge and the ability to connect with land lines or mobile devices at low rates.

(c) 2009 AFP

Explore further: Twitter rules out Turkey office amid tax row

add to favorites email to friend print save as pdf

Related Stories

Skype comes to iPhones on Tuesday

Mar 30, 2009

Skype has confirmed that a free software application enabling iPhone owners to use its Internet telephone service will be available in Apple's online App Store beginning Tuesday.

Update: EBay to Acquire VoIP provider Skype

Sep 12, 2005

Online auction site eBay has agreed to acquire Internet-telephone provider Skype for at least $2.6 billion, in a move that could change the way buyers and sellers interact.

eBay's bid for Skype may backfire

Sep 09, 2005

Rumors abound that eBay, the world's biggest and most successful online auction house, will buy out Skype Technologies, an Internet-based telecommunications group.

Motorola and Skype announce certified Bluetooth headset

Nov 22, 2005

Motorola, Inc. and Skype today announced the first Skype-certified Bluetooth headset solution in America, the Motorola Wireless Internet Calling Kit. The Motorola Wireless Internet Calling Kit enables Skype ...

Recommended for you

Twitter rules out Turkey office amid tax row

7 hours ago

Social networking company Twitter on Wednesday rejected demands from the Turkish government to open an office there, following accusations of tax evasion and a two-week ban on the service.

How does false information spread online?

10 hours ago

Last summer the World Economic Forum (WEF) invited its 1,500 council members to identify top trends facing the world, including what should be done about them. The WEF consists of 80 councils covering a wide range of issues including social media. Members come ...

User comments : 0

More news stories

IBM posts lower 1Q earnings amid hardware slump

IBM's first-quarter earnings fell and revenue came in below Wall Street's expectations amid an ongoing decline in its hardware business, one that was exasperated by weaker demand in China and emerging markets.

Microsoft CEO is driving data-culture mindset

(Phys.org) —Microsoft's future strategy: is all about leveraging data, from different sources, coming together using one cohesive Microsoft architecture. Microsoft CEO Satya Nadella on Tuesday, both in ...

Quantenna promises 10-gigabit Wi-Fi by next year

(Phys.org) —Quantenna Communications has announced that it has plans for releasing a chipset that will be capable of delivering 10Gbps WiFi to/from routers, bridges and computers by sometime next year. ...

Down's chromosome cause genome-wide disruption

The extra copy of Chromosome 21 that causes Down's syndrome throws a spanner into the workings of all the other chromosomes as well, said a study published Wednesday that surprised its authors.

Researchers see hospitalization records as additional tool

Comparing hospitalization records with data reported to local boards of health presents a more accurate way to monitor how well communities track disease outbreaks, according to a paper published April 16 in the journal PLOS ON ...

Ebola virus in Africa outbreak is a new strain

The Ebola virus that has killed scores of people in Guinea this year is a new strain—evidence that the disease did not spread there from outbreaks in some other African nations, scientists report.