The Week: City News - EBay sells stake in Skype

EBay has sold a 65 per cent stake in the internet telephony company Skype to a private investment consortium in a deal that values the business at $2.75 billion (£1.9 billion).

The stake has been sold for $1.9 billion (£1.17 billion) to a group of investors, including the private equity company Silver Lake, the UK company Index Ventures and the Canada Pension Plan Investment Board. EBay will retain a 35 per cent stake in Skype, which it bought for $2.6 billion in 2005.

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1 Job description: Digital marketing executive

Digital marketing executives oversee the online marketing strategy for their organisation. They plan and execute digital (including email) marketing campaigns and design, maintain and supply content for the organisation's website(s).