169 posts and columns on private equity
News Bytedeparting Mark Gillett as corporate VP for Skype, as well as its Lync communications product. Gillett, who took a job as head of value creation at private equity firm Silver Lake, had been responsible for Skype’s product, engineering and operations worldwide, duties that will now fall to Pall. An experienced engineer, Pall was most recently CVP of Information Platform & Experience in Microsoft’s new Applications and Services division. Before that, he was CVP of the Office Lync & Speech group.
News Byteannounced today in a press release. That brings its total funding to date to $83 million. This round was led by P.E. fund New Horizon Capital with participation from some of Chukong’s existing investors. The $50 million will support Chukong’s international game publishing and localization efforts, as well as its free Cocos2D-x game engine, which is used by seven of the 10 top-grossing game devs in China.
News Bytecleared all the regulatory hurdles necessary to complete the transaction to go private. Shareholders approved the move to sell the company to CEO Michael Dell and private equity firm Silver Lake for $24.9 billion. The transaction had been bitterly contested by several shareholders, most notably activist investor Carl Icahn.