EBay, Skype Settle IP Suits With Joltid, Sans Index Ventures
Fri, Nov 6, 2009
VOIP News writes…
eBay Nov. 6 settled lawsuits with Joltid Limited and Joost N.V. in a .9 billion deal that gives Skype ownership over all software previously licensed from Joltid and paves the way for a group of investors to acquire the majority of the company. Joltid and Skype founders Niklas Zennström and Janus Friis, who had earlier tried to buy Skype back from eBay, will join the investor group, contributing Joltid software and making a significant capital investment in exchange for a 14 percent stake in Skype. Silver Lake and fellow investors Andreessen Horowitz and the Canada Pension Plan Investment Board will grab 56 percent of Skype, with eBay retaining the remaining 30 percent.
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The future of VOIP service Skype looks bright again for
its 500 million-plus users.
eBay Nov. 6 said it has settled lawsuits with Joltid Limited and Joost N.V. in a .9
billion deal that gives Skype ownership over all software previously licensed
from Joltid and paves the way for …
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