Skype Company Description
Skype Technologies knows that the idea of using your computer to make free telephone calls isn't just mere hype. The company's popular Web-based software allows users to make phone calls using the Internet. Calls are free when made PC-to-PC, and users can make calls to landlines or cell phones at typically much lower rates than traditional phone services. Co-founders Niklas Zennström and Janus Friis launched Skype in 2003; two years later they sold the company to eBay for $2.6 billion. Unable to leverage Skype with its other offerings, in late 2009 eBay agreed to sell a 70% stake in Skype to a private investor group lead by Silver Lake Partners for $1.9 billion in cash.
View the Comprehensive Company Description for Skype
The Company Description provides a historical perspective of Skype's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of Skype's evolution in the marketplace.
