Skype has acquired Sonorit Holding AS and its US subsidiary Camino Networks a provider of voice technology for the Internet

April 11, 2006

1 Min Read

LUXEMBOURG and SAN FRANCISCO -- Skype(TM), the global Internet communications company, today announced that it has acquired Sonorit Holding AS and its US subsidiary Camino Networks, Inc., a provider of voice technology for the Internet. The acquisition will allow Skype to add some of the leading experts in online voice engineering to its own team of technologists to help design and develop Skype for the future.

"We're excited about bringing the talented Camino Networks team to Skype," said Niklas Zennstrom, Skype CEO and co-founder. "They will add considerable expertise to our own world-class technology team."

"Camino Networks is focused on innovating for next-generation voice services, " said Jonathan Christensen, President and CEO of Camino Networks, Inc. "Joining Skype gives us access to the best platform for bringing our technology to users. "

Skype, an eBay company, has agreed to acquire all outstanding securities of Sonorit for approximately 700,000 shares of eBay stock. Based on the stock price as of April 10, 2006, the transaction is valued at approximately $27 million. eBay expects the acquisition to be immaterial to its full-year 2006 earnings per diluted share, as issued in connection with its first quarter earnings release on January 18, 2006.

Skype Ltd.

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