Investor Group to Acquire Majority Stake in Skype

Transaction values Skype at $2.75 billion

MENLO PARK, Calif., Sept. 1 /PRNewswire/ -- Skype Technologies S.A. and an
investor group led by Silver Lake announced today that they have signed a
definitive agreement in which the investor group will purchase a 65 percent
interest in Skype Technologies from eBay (Nasdaq: EBAY) for approximately $1.9
billion in cash, in a transaction valuing Skype Technologies at $2.75 billion.
eBay will retain the remaining 35 percent equity interest in Skype.

Skype Technologies is the manufacturer and developer of Skype software, which
is used by millions of individuals and businesses to make free video and voice
calls, send instant messages and share files with other Skype users. The
software also allows users to make low-cost calls to landlines and mobile
telephone lines.

The purchasers are a strong consortium with complementary skill sets. Members
of the investor group are Silver Lake, the leader in private investment in
technology, technology-enabled and related growth industries; Index Ventures,
a premier global venture capital firm; Andreessen Horowitz, a recently
launched venture capital firm led by Netscape founder Marc Andreessen and Ben
Horowitz; and the Canada Pension Plan Investment Board (CPPIB).

"We are extremely fortunate to have such a talented and seasoned group invest
in our company," said Josh Silverman, CEO of Skype. "This is a group of
investors and industry veterans that have a strong track record of taking the
technology companies they own to the next level. With their know-how helping
to guide our vision, Skype is poised to enter the next phase of its growth and
development."

"Skype Technologies is an innovative, next-generation technology company that
has changed how people and businesses communicate with each other," said Egon
Durban, Managing Director at Silver Lake. "This transaction benefits all
parties involved and will allow Skype the opportunity to accelerate the growth
of its business by harnessing the deep technological and company development
expertise that resides within the investor group. Josh Silverman has done a
strong job leading the company and we look forward to working with Josh and
his team to grow the Skype franchise."

"Skype is one of Europe's greatest startup success stories. In 2004, we
recognized its potential as a global telecommunications leader and we've been
captivated by the business since we first invested," said Mike Volpi, Index
Partner. "eBay has continued to foster Skype's growth as the Internet voice
and video communication leader. We are delighted to join this all-star team
of professionals and investors in the next chapter of the Skype adventure."

"Skype is the archetypal Internet phenomenon: a breakthrough technology
combining with enormously powerful network effects to revolutionize a gigantic
industry," said Marc Andreessen, Co-Founder of Andreessen Horowitz. "With
this acquisition, we will work with the Skype team and eBay to build the
company into a core Internet franchise at huge scale."

"This acquisition represents an opportunity to acquire a leader in the rapidly
growing internet telecommunications market and one of the most strategically
valuable internet brands in the marketplace. We look forward to working with
our partners to help grow Skype in this accelerating industry," said Mark
Wiseman, Senior Vice-President, Private Investments with the CPP Investment
Board.

"There is no doubt in my mind that the talented players that make up this
investment group will enable strong growth of Skype in the years to come,"
said John Donahoe, CEO of eBay. "The management team at Skype is one of the
most innovative in the industry, and their talent and innovation will be
enhanced through this partnership. For eBay, this transaction allows us to
unlock both immediate and long-term value while benefiting from talented
partners to help Skype accelerate its growth momentum."

Skype Technologies generated revenues of $551 million in 2008, a 44% increase
compared to 2007. Registered Skype users reached 405 million by the end of
2008, a 47% increase from 2007. eBay has projected Skype Technologies
revenues to exceed $1 billion in 2011. Skype Technologies recently introduced
a popular Skype iPhone app as well as partnerships with mobile carriers such
as Nokia and Hutchison. The company is attracting thousands of new users
daily.

J.P. Morgan, Barclays and RBC Capital Markets advised Silver Lake and its
investor group and have committed to provide the financing necessary to
complete the transaction.

Sullivan & Cromwell LLP, Simpson Thacher & Bartlett LLP, Bird & Bird LLP and
Michael Silverleaf QC are acting as legal advisors to the investor group.

Goldman Sachs is providing financial advice to eBay on the transaction. Dewey
& LeBoeuf LLP is acting as legal advisor to eBay.

About Skype Technologies
Skype is software that enables the world's conversations. Millions of
individuals and businesses use Skype to make free video and voice calls, send
instant messages and share files with other Skype users. Everyday, people
everywhere also use Skype to make low-cost calls to landlines and mobiles.

About Silver Lake
Silver Lake is the leading investment firm focused on large scale investments
in technology, technology-enabled, and related growth industries. Silver
Lake's mission is to function as a value-added partner to the management teams
of the world's leading technology franchises. Its portfolio includes or has
included technology industry leaders such as Ameritrade, Avago, Business
Objects, Gartner, Instinet, Intelsat, NASDAQ, Sabre / Travelocity, Seagate
Technology, SunGard Data Systems and UGS. For more information, please visit
www.silverlake.com.

About Canada Pension Plan Investment Board (CPPIB)
The CPP Investment Board is a professional investment management organization
that invests the funds not needed by the Canada Pension Plan to pay current
benefits on behalf of 17 million Canadian contributors and beneficiaries. In
order to build a diversified portfolio of CPP assets, the CPP Investment Board
invests in public equities, private equities, real estate, inflation-linked
bonds, infrastructure and fixed income instruments. Headquartered in Toronto,
with offices in London and Hong Kong, the CPP Investment Board is governed and
managed independently of the Canada Pension Plan and at arm's length from
governments. At June 30, 2009, the CPP Fund totaled C$116.6 billion. For more
information about the CPP Investment Board, please visit www.cppib.ca.

About Index Ventures
Index Ventures is a leading global venture capital firm active in technology,
biotech and clean tech venture investing since 1996. The firm is dedicated to
helping top entrepreneurial teams in the Information Technology and Life
Science sectors build their companies into market defining global leaders. The
firm has offices in Geneva, London and Jersey and focuses on investments from
seed through growth stage companies. Index's growth portfolio includes
Adconion, RPX, Betfair and Trialpay. Exits of note include Skype (eBay), MySQL
(the world's most popular open source database acquired by Sun), and Last.fm
(the world's largest social music platform, recently acquired by CBS). For
more information, please visit www.indexventures.com.

About Andreessen Horowitz
Andreessen Horowitz was established in June 2009 by entrepreneurs and
engineers Marc Andreessen and Ben Horowitz, based on their vision for a new,
modern VC firm designed to support today's entrepreneurs. Andreessen and
Horowitz have a track record of investing in, building and scaling highly
successful businesses. Andreessen Horowitz is based on Sand Hill Road in Menlo
Park, California.

About eBay
Founded in 1995, eBay Inc. (Nasdaq: EBAY) connects hundreds of millions of
people around the world every day, empowering them to explore new
opportunities and innovate together. eBay does this by providing the Internet
platforms of choice for global commerce, payments and communications. Since
its inception, eBay has expanded to include some of the strongest brands in
the world, including eBay, PayPal, Skype, StubHub, Shopping.com, and others.
eBay is headquartered in San Jose, California. For more information, please
visit www.eBay.com.

FOR MORE INFORMATION:

John Dillard
Edelman for Silver Lake
(212) 704-8174
john.dillard@edelman.com

Rich Myers
Edelman for Silver Lake
(212) 819-4807
richard.myers@edelman.com

SOURCE Skype Technologies S.A.; Silver Lake

John Dillard, +1-212-704-8174, john.dillard@edelman.com, or Rich Myers,
+1-212-819-4807, richard.myers@edelman.com, both of Edelman, for Silver Lake