Press room

Skype Names Elisa Steele Corporate Vice President of Marketing

Skype adds world-class marketer with extensive technology industry expertise

PALO ALTO, CA, July 24, 2012 -- Skype, a division of Microsoft, today announced it is adding Elisa Steele to its senior management team as Corporate Vice President to lead marketing for Skype. In this role, Elisa will oversee Skype's global brand and marketing functions, as well as local go-to-market activities. Elisa will report to Skype President Tony Bates and will be based at Skype's office in Palo Alto.

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Microsoft Officially Welcomes Skype



Microsoft and Skype will empower consumers and businesses to connect in new ways

REDMOND, Wash., and LUXEMBOURG -- Oct. 14, 2011 -- Microsoft Corp. (Nasdaq "MSFT") has closed its acquisition of Skype Global S.à r.l. Negotiations of the definitive agreement under which Microsoft would acquire Skype, an Internet communications company, for $8.5 billion were led by investor group Silver Lake and the transaction was originally announced on May 10, 2011. Boards of directors of both Microsoft and Skype previously approved the acquisition.

Microsoft and Skype will remain focused on their shared goal of connecting all people across all devices and accelerating both companies' efforts to transform real-time communications for consumers and enterprise customers. The completion of the acquisition also marks the official introduction of Skype as a new business division within Microsoft.

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Skype Acquires GroupMe

LUXEMBOURG, 21 August 2011 -- Skype today announced it has entered into a definitive agreement to acquire GroupMe, a provider of mobile group messaging services that helps users stay in touch and make decisions. GroupMe was founded in 2010 at the Techcrunch Disrupt Hackathon and is headquartered in New York, New York. Terms of the acquisition will not be disclosed.

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Australia for UNHCR launches world-first 'interactive penpals' project with Skype

  • In a global first, one Australian school will form a unique partnership with a Ugandan refugee school
  • The collaborative Here & There program will enable the school children in both countries to learn about each other's lives, as part of their geography lessons
SYDNEY and LUXEMBOURG, 17 June 2011 - Australia for UNHCR, the UN Refugee Agency's charity in Australia, has partnered with Skype to offer a world-first educational opportunity to an Australian school.

The Here & There program will team an Australian school with the Australian-funded school at Nakivale refugee settlement in Uganda, with the children involved given the chance to work together on a creative project to learn more about each other's lives.

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Microsoft to Acquire Skype

Combined companies will benefit consumers, businesses and increase market opportunity

REDMOND, WA, and LUXEMBOURG, 10 May 2011 - Microsoft Corp. (Nasdaq: MSFT) and Skype Global S.à.r.l. today announced that they have entered into a definitive agreement under which Microsoft will acquire Skype, the leading Internet communications company, for $8.5 billion in cash from the investor group led by Silver Lake. The agreement has been approved by the boards of directors of both Microsoft and Skype.

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Skype - Qik acquisition complete

Combined companies bring deeper video capabilities across devices
LUXEMBOURG, 14 January 2011 — Skype today announced it has completed its acquisition of Qik, a provider of mobile video software and services that enable individuals to capture, instantly share and preserve great moments on video from anywhere. The transfer of shares and funds between the shareholders of Qik and Skype was completed today and Qik is now under the ownership of Skype.

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Skype To Acquire Qik

Combined companies bring deeper video capabilities across devices
LUXEMBOURG, 6 January 2011 — Skype today announced it has entered into a definitive agreement to acquire Qik, a provider of mobile video software and services that enable individuals to capture, instantly share and preserve great moments on video from anywhere. Qik has 60 employees, and is headquartered in Redwood City, California and has an office in Moscow, Russia. The transaction is expected to close in January 2011. Terms of the acquisition will not be disclosed.

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United Nations High Commissioner for Refugees Partners with Skype

  • Bespoke Skype technology will connect humanitarian workers in the most remote and dangerous regions of the world
  • First partnership of its kind between Skype and a humanitarian organisation
  • Fundraising button to be hosted on Skype, for the first time ever, in a bid to raise money to support computer technology and education for refugees

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Skype Appoints Cisco Senior Executive Tony Bates as New CEO

Head of Cisco’s Enterprise Business to Run Leading Global Internet Communications Company
LUXEMBOURG, 4 October 2010 — The Board of Directors of Skype S.A., a global technology leader that enables real-time communications over the Internet, today announced that it has named Tony Bates, Senior Vice President of Cisco, as Chief Executive Officer and a member of the Board of Directors.

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Skype Files Registration Statement for Initial Public Offering

LUXEMBOURG, Luxembourg, Aug. 9, 2010 — Skype S.A., a global technology leader that enables real-time communications over the Internet, today announced that it has filed a Form S-1 registration statement with the Securities and Exchange Commission for a proposed initial public offering of its ordinary shares. The number of shares to be offered and the price range for the offering have not yet been determined. Goldman, Sachs & Co., J.P. Morgan Securities Inc. and Morgan Stanley & Co. Incorporated will be the joint global coordinators as well as joint book-running managers for the offering. BofA Merrill Lynch, Barclays Capital Inc., Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC and Deutsche Bank Securities Inc. will also be acting as joint book-running managers. Lazard Capital Markets LLC, RBC Capital Markets Corporation and UBS Securities LLC will be acting as joint lead co-managers; Allen & Company LLC and Evercore Group LLC will be acting as co-managers for the offering. When available, a copy of the preliminary prospectus may be obtained from Goldman, Sachs & Co., Prospectus Department, 200 West Street, New York, NY 10282, via telephone: +1 866 471 2526, via facsimile: +1 212 902 9316, or by e-mail: prospectus-ny@ny.email.gs.com; from J.P. Morgan Securities Inc.; c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, Attn: Prospectus Department, or by telephone +1 866 803 9204; from Morgan Stanley & Co. Incorporated Attention: Prospectus Department, via telephone: +1 866 718 1649, 180 Varick Street, Second Floor, New York, NY 10014, or by e-mail: prospectus@morganstanley.com. A registration statement relating to the securities has been filed with the Securities and Exchange Commission but has not yet become effective. The securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, the securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.

About Skype

Skype is a software-based communications platform that offers high-quality, easy-to-use tools for both consumers and businesses to communicate and collaborate globally through voice, video and text conversations. Founded in 2003 and based in Luxembourg, our mission is to be the communications platform of choice around the world. We enable users with virtually any Internet-connected device to communicate with each other by voice, video and instant message for free, or make low cost voice calls to fixed or mobile numbers virtually anywhere in the world. We have 124 million connected users and our users placed 95 billion calling minutes over Skype in the first half of 2010, approximately 40% of which were video. Skype can be downloaded onto computers, mobile phones and other connected devices for free at www.skype.com.

Media Contact

FD, Brian Maddox, +1 (212) 850-5787, CBMaddox@fd.com FD, Leigh Parrish, +1 (212) 850-5788, SLParrish@fd.com

Skype Names Madhu Yarlagadda as Chief Development Officer

LUXEMBOURG, 6 July 2010 — Skype today announced that it has hired Madhu Yarlagadda as the new Chief Development Officer. Madhu brings 22 years deep technical expertise to this role. He will join Skype in July and report to Josh Silverman, Skype’s CEO. Madhu’s responsibility will be global oversight of Skype’s engineering and development initiatives. Dan Berg, the current CTO, will remain at the company to manage a smooth transition.

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Skype's MEA representative office to be located in Bahrain

Keeping innovation high on the agenda Bahrain attracts leading global ICT companies
MANAMA, BAHRAIN; LUXEMBOURG, LUXEMBOURG, 28 June 2010 -- Skype today announced that the opening of its representative office in the Middle East and Africa (MEA) region is to be in Manama, Bahrain. At a joint press conference with the Bahrain Economic Development Board (EDB), Skype explained Bahrain's liberal and advanced ICT infrastructure and policies, skilled local workforce, and its geographic position providing unparalleled access to the Gulf's trillion dollar market, were key reasons for establishing a regional representative office in the Kingdom.

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Skype Appoints Neal Goldman as Chief Legal and Regulatory Officer and Doug Bewsher as Chief Marketing Officer

Skype adds proven technology leaders with extensive global and strategic expertise
LUXEMBOURG, 17 May 2010 — Skype today announced that it has added two seasoned technology leaders to its senior management team. In June, Neal Goldman will join as Chief Legal and Regulatory Officer and Doug Bewsher will join as Chief Marketing Officer. As Chief Legal and Regulatory Officer, Neal will have oversight over all legal and regulatory matters for Skype. Doug will oversee Skype's global brand and marketing, as well as local go-to-market activities. Both Neal and Doug will report to Skype CEO Josh Silverman and be based in Luxembourg at Skype’s headquarters.

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Skype Names Technology Leader Adrian T. Dillon as Chief Financial and Administration Officer

LUXEMBOURG, 3 March 2010 — Skype today announced that it has hired Adrian T. Dillon as the new Chief Financial and Administration Officer. He replaces Laura Shesgreen, who will remain at Skype as Vice President of Finance. Adrian brings more than 30 years of finance experience to this role.. He will join Skype in early April and report to Josh Silverman, Skype’s CEO. Adrian will be based at Skype's headquarters in Luxembourg.

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Verizon Wireless and Skype join forces to create a global mobile calling community

New Skype Mobile product for Verizon Wireless smartphones brings more value to US mobile consumers

BARCELONA, Spain; BASKING RIDGE, NJ, United States; and LUXEMBOURG, Luxembourg, 16 February 2010 – At the 2010 Mobile World Congress in Barcelona, Verizon Wireless and Skype today announced a strategic relationship that will bring Skype to Verizon Wireless smartphones in March. The new Skype mobile™ product enhances Verizon Wireless’ smartphones for users who have data plans by offering a new way to call around the globe, while also giving hundreds of millions of Skype users around the world the opportunity to communicate with friends, family and business colleagues in the United States using Verizon Wireless.

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Skype Names Enterprise Unified Communication Visionary David Gurle to Lead Skype for Business Team

LUXEMBOURG, 12 January 2010 – Skype today announced that it has hired David Gurle as the new General Manager and Vice President of its Skype for Business unit. He replaces Stefan Oberg, who will be leaving Skype in March 2010. David brings more than 17 years of telecommunications and collaboration technology industry experience to this role. He joined Skype on January 7, 2010 and reports to Josh Silverman, Skype's president.

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eBay Inc. Completes Sale Of Skype

SAN JOSE, CALIFORNIA, 19 November 2009 — eBay Inc. (NASDAQ: EBAY) announced today that it has successfully completed the previously announced sale of its Skype communications unit in a deal valuing the business at $2.75 billion. The buyer, who will control an approximately 70 percent stake, is an investor group led by Silver Lake and includes Joltid Limited and certain affiliated parties, the Canada Pension Plan Investment Board and Andreessen Horowitz.

eBay received approximately $1.9 billion in cash and a note from the buyer in the principal amount of $125 million. The company retained an approximately 30 percent equity investment in Skype. The company also purchased a note from the buyer in the principal amount of $50 million.

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Skype Appoints Dr. Jonathan Rosenberg as Chief Technology Strategist

LUXEMBOURG, 5 November 2009 — Skype today announced that it has appointed Dr. Jonathan Rosenberg as Chief Technology Strategist, effective immediately. Reporting to Daniel Berg, Skype's Chief Technology Officer, Rosenberg will be responsible for shaping and driving the company's technology strategies and overall architecture to continue delivering a best-in-class Skype experience to users around the world.

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eBay Inc. and Silver Lake Investor Group Settle Skype Litigation with Joltid Limited

SAN JOSE, CALIFORNIA, 6 November 2009 — eBay Inc. (NASDAQ: EBAY) today announced that the investor group led by Silver Lake, which had previously entered into a definitive agreement to acquire a majority stake in Skype from the company, has reached a settlement agreement with Joltid Limited and Joost N.V. that gives Skype ownership over all software previously licensed from Joltid and ends all litigation currently pending against the investor group and eBay at the closing of the acquisition.

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Investor Group to Acquire Majority Stake in Skype

Transaction values Skype at $2.75 billion Skype to benefit from the technological and management expertise of the investor group led by Silver Lake, Index Ventures, Andreessen Horowitz and Canada Pension Plan Investment Board (CPPIB) eBay to retain significant minority interest in Skype Menlo Park, CA, September 1, 2009 – 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 and Sidley Austin LLP are acting as legal advisors 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

eBay Inc. Signs Definitive Agreement to Sell Skype in Deal Valuing Communications Business at $2.75 Billion

eBay to Receive Approximately $1.9 Billion in Cash; Retain Approximately 35 Percent Stake
SAN JOSE, California, eBay Inc. (NASDAQ:EBAY) today announced it has signed a definitive agreement to sell its Skype communications unit in a deal valuing the business at $2.75 billion. The buyer, who will control an approximately 65 percent stake, is an investor group led by Silver Lake and includes Index Ventures, Andreessen Horowitz and the Canada Pension Plan (CPP) Investment Board. eBay is expected to receive approximately $1.9 billion in cash upon the completion of the sale and a note from the buyer in the principal amount of $125 million. The company will retain an approximately 35 percent equity investment in Skype. The transaction, which is not subject to a financing condition, is expected to close in the fourth quarter of 2009. "This is a great deal, unlocking both immediate and long-term value for eBay and tremendous potential for Skype," said eBay Inc. President and CEO John Donahoe. "We've acted decisively on a deal that delivers a high valuation, gives us significant cash up-front and lets us retain a meaningful minority stake with talented partners. Skype is a strong standalone business, but it does not have synergies with our e-commerce and online payments businesses. As a separate company, we believe that Skype will have the focus required to compete effectively in online voice and video communications and accelerate its growth momentum." Commenting on the deal, Egon Durban, managing director at Silver Lake, said: "Skype is an innovative, next-generation company that has changed how people and businesses communicate with each other. 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." In April 2009, eBay announced plans to separate Skype from the company, beginning with an IPO in 2010. The decision followed a year-long review of Skype within eBay's portfolio. As it prepared for an IPO, the company said it would naturally consider bids for Skype that offered an attractive valuation. Donahoe said the deal offered by the investor group achieved that. "This deal achieves our goal of delivering short- and long-term value to eBay and its stockholders, without the possible delays and market risk of an IPO," Donahoe said. "Selling Skype now at this great valuation, while retaining an equity stake, makes sense for the company. And it allows us to focus all of our energies on the opportunities in front of PayPal and eBay." Acquired by eBay in 2005, Skype has strengthened considerably since early 2008 when Donahoe was named eBay's CEO and tapped company executive Josh Silverman to lead Skype. Silverman has driven strong momentum while building a new management team and delivering a series of Skype innovations such as software upgrades with dramatically improved video and calling quality, the widely popular Skype iPhone app and mobile partnerships with companies such as Nokia and Hutchison. In 2008, Skype generated revenues of $551 million, a 44 percent increase compared to 2007. Total eBay Inc. revenues for 2008 were $8.5 billion. Registered Skype users reached 405 million by the end of 2008, a 47 percent increase from 2007. Skype is attracting hundreds of thousands of new users each week. About eBay Inc. 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. About Skype 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. Every day, 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 Index Ventures Index Ventures is a leading European 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 portfolio includes Lehigh Technologies Inc., Playfish and Weatherbill and exits of note include MySQL (the world's most popular open source database recently acquired by Sun), Last.fm (the world's largest social music platform, recently acquired by CBS) and BioXell (BIOX, floated on the SWX in 2007). Index Ventures was one of the original venture capital backers and owners of Skype. 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. Mr. Andreessen is a member of eBay's board of directors. About Canada Pension Plan (CPP) Investment Board 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 $116.6 billion. For more information about the CPP Investment Board, please visit www.cppib.ca. Forward Looking Statements This announcement contains forward-looking statements relating to eBay's future performance that are based on its current expectations, forecasts and assumptions. Those statements involve risks and uncertainties, and actual results may differ materially from those discussed. Factors that could cause or contribute to such differences include, but are not limited to, the receipt and timing of regulatory approval for the transaction; the possibility that the transaction may not close; the reaction of Skype's users and commercial partners to the transaction; the reaction of competitors to the transaction; the anticipated continuation of Skype's growth; and the potential longer-term value of Skype. More information about factors that could affect eBay's operating results can be found in the company's most recent annual report on its Form 10-K and its subsequent quarterly reports on Form 10-Q (available at http://investor.ebay.com). All forward-looking statements are based on information available to eBay on the date hereof, and eBay assumes no obligation to update such statements.