Deals
Silver Lake Said to Reap Three-Fold Return on Skype After Sale
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Silver Lake stands to reap a three-fold return on its investment in Skype Technologies SA, which Microsoft Corp. today agreed to buy for $8.5 billion in cash, according to a person briefed on the deal.
Silver Lake, part of the group that bought a majority stake from EBay Inc. 18 months ago in a transaction valuing Skype at $2.75 billion, put up $900 million in capital, said the person, asking not to be named because the information is private. The firm’s 40 percent stake is now worth $3.1 billion, when adjusting for $775 million in debt Skype reported in April.