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The company famous for its online marketplace said Tuesday it is selling a 65 percent 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 percent stake.
EBay said the deal values the company at $2.75 billion.
EBay said earlier this year that it would spin off Skype, which lets people make free or cheap voice and video calls on computers and cell phones, after struggling to justify its 2005 acquisition of the company for $2.6 billion.