Skype enables world’s conversations. Millions of individuals and businesses use to make low cost calls to landlines and mobiles, send instant messages and share files & videos with other Skype users.

The eBay group acquiring 70 percent of Skype in the deal valued at $2.75 billion includes Skype cofounders Niklas Zennström and Janus Friis and their Joltid Limited, along with the Canada Pension Plan Investment Board and Andreessen Horowitz. Ebay keeps a 30 percent stake in Skype, as well as $50 million worth of Skype’s debt financing and that note.

Founded in 1995 in San Jose, Calif., eBay connects hundreds of millions of buyers and sellers globally on a daily basis through eBay, the world’s largest online marketplace, and PayPal, which enables individuals and businesses to securely, easily and quickly send and receive online payments.

eBay reaches millions through specialized marketplaces such as StubHub, the world’s largest ticket marketplace, and eBay Classifieds sites, which together have a presence in more than 1,000 cities around the world. For more information about the company and our global portfolio of online brands.