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eBay sells Skype stake

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eBay sells Skype stake

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Internet auction company eBay has reached a deal to sell a 65 percent stake in its online phone service Skype to private investors.

The price is almost two billion dollars in cash. Marc Andreessen, the co-founder of Netscape, is one of the lead investors in the group. eBay acquired Skype in 2005 in a deal that cost it over three billion euros but the two were never a good fit.