Skype rose to prominence in the mid-2000s as one of the first VOIP providers, which route phone calls over the Internet, and was bought by EBay in 2005 for $2.6 billion. The company has over 170 million subscribers, 600,000 new registrations a day, and 207 billion minutes of chat time. Its name has become synonymous with Web-calling.
We were initially retained by Josh Silverman, the CEO appointed by EBay to spin off the company through an IPO or trade sale. We continued our work following the Silver Lake acquisition alongside Andreessen Horowitz, culminating in the sale of Skype for $8.6bn to Microsoft. The executives we recruited into Skype made a profound difference to the performance of the technology, operations and commercial functions leading up to the exit to Microsoft.