![]() "It's not like the deal came together in five days, it came together over the course of the last few weeks," said one source familiar with the deal. Microsoft decided to make an unsolicited offer with the final price by April 18, it said. That could explain the six weeks it took for Microsoft and Skype to reach a deal. One concern Skype and its owners may have had was whether they were missing out on getting substantially more, giving escalating valuations put on companies such as Facebook and Groupon. Cisco was not immediately available for comment. Skype, which was considering an IPO, sparked interest from parties including Facebook and Google according to sources.Ĭisco also was interested, a source said. Microsoft's deal to acquire Skype was announced on Monday. ![]() The $8.5 billion price Skype is commanding from Microsoft reflects the premium being put on hot social media properties and the number of potential buyers. That is a short turnaround for private equity which typically invests with a time horizon of three to five years. ![]() The gain is particularly large considering the short amount of time the investors have owned internet phone service Skype - around 18 months - since buying a majority stake from eBay. Skype's owners, led by private equity firm Silver Lake, are set to earn more than three times their investment, for a total capital gain of more than $5 billion, on the sale of Skype to Microsoft, a source familiar with the situation said.
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