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.