EBay selling 65% stake in Skype to private investors - USATODAY.com

SAN JOSE, California (AP) — EBay is trading control of the online telecommunications service Skype for about $2 billion, reversing a 2005 acquisition that many analysts considered a head scratcher from the beginning.

The company famous for its online marketplace said Tuesday it is selling a 65% stake in the business to a group of private investment funds for $1.9 billion in cash and a $125 million note, while retaining a 35% stake. EBay said the deal values the company at $2.75 billion...