KKR, Warburg, Providence and Elevation Surface in Skype Bid

A quartet of private-equity firms have joined forces for a leveraged buyout of a global telecommunications firm with hundreds of millions of users.

And no, this isn’t a blog post from 2006.

A group including KKR, Warburg Pincus, Providence and Elevation Partners recently teamed up to back the founders of Skype in an attempt to buy back their free Internet calling service from eBay (EBAY), according to people familiar with the bid.

Founders Niklas Zennstrom and Janus Friis originally approached eBay about repurchasing Skype, which acquired the service for $2.6 billion in 2005. eBay encouraged them to make an offer, and the Scandinavian billionaires rounded up a group of private-equity firms to back them, the person familiar with the bid said.

Read the rest of this post


Must-Reads from other Websites

Panos Mourdoukoutas

Why Apple Should Buy China’s Xiaomi

Paul Graham

What I Didn’t Say

Benjamin Bratton

We Need to Talk About TED

Mat Honan

I, Glasshole: My Year With Google Glass

Chris Ware

All Together Now

Corey S. Powell and Laurie Gwen Shapiro

The Sculpture on the Moon

About Voices

Along with original content and posts from across the Dow Jones network, this section of AllThingsD includes Must-Reads From Other Websites — pieces we’ve read, discussions we’ve followed, stuff we like. Six posts from external sites are included here each weekday, but we only run the headlines. We link to the original sites for the rest. These posts are explicitly labeled, so it’s clear that the content comes from other websites, and for clarity’s sake, all outside posts run against a pink background.

We also solicit original full-length posts and accept some unsolicited submissions.

Read more »