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We live and work in exciting times - revolutionary times. Technology continues to recast the media industry.

The extraordinary advance of affordable personal digital technology and the stellar rise of social networks are both distrupting and transforming the media market making this a unique moment to be involved in the convergence sectors we focus on.

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Tuesday, 14 April 2009

Skype to be sold back to founders?

You following this story thats gaining some traction that the Skype founders Niklas Zennstrom and Janus Friis have the backing to buy back the business they founded from ebay to whom they sold it for $2.6 billion US back in 2005.

Private equity players KKR, Warburg Pincus, Elevation Partners and Providence have reportedly teamed up with the boys and are prepared to chip in $1billion towards the purchase.

Question isnt whether ebay will sell as its clear they want to and they will but rather what price will they sell for. Somewhere between $1bn and $2.5bn I suppose.
Personally, I love Skype because its a great service and from a business perspective its properly disruptive but I just cant see it making proper money ever.
The boys must know something I dont!!

1 comment:

Anonymous said...

looks like you called this one wrong Toby

Sykpe seems to be making real money