.

Business News

Nov 6, 2009, 22:08 GMT

eBay settles Skype software suit

San Francisco - E-commerce giant eBay has settled its long- running legal feud with the founders of Skype, clearing the way for a 2-billion-dollar sale of the internet telephony pioneer, the company announced Friday. Under the terms of the settlement, Skype founders Niklas Zennstrom and Janus Friis will get a 14-per-cent stake in the consortium buying Sykpe from eBay in return for an undisclosed cash investment and the withdrawal of their lawsuits. Private-equity firm Silver Lake, venture capital firm Andreessen Horowitz and the Canada Pension Plan Investment Board will together own 56 per cent of Skype, while eBay will retain 30 per cent. Zennstrom and Friis will also contribute Joltid software that is critical to the operation of Skype. The pair had sued eBay for allegedly violating terms of a licensing agreement of Joltid, which they retained when they sold Skype to eBay in 2005 for about 2.6 billion dollars in cash and stock. 'Skype will be well positioned to move forward under new owners with ownership and control over its core technology,' said eBay chief executive John Donahoe in a statement. 'We look forward to closing the deal and focusing on growing our core e-commerce and payments businesses.'

And Also

Look Back at the Worst Celebrity Breakups

Look Back at the Worst Celebrity Breakups - PopEater
SQL Injection discovered on Wall Street Journal (Update) - The Tech Herald
The Decade: Our Favorite Advancements In Television - Cinema Blend
Billy Joel's Daughter Hospitalized for Alleged Overdose - PopEater
A&E series 'Hoarders' and 'Intervention' premiere Monday, Nov. 30th, preview

Your Talkback on this Story

Similar articles

Oracle vows to oppose EU concerns on Sun deal
Cisco earning drop 19 per cent but beat expectations
Microsoft profit falls less than expected
Nokia sues Apple for iPhone patent violations
Yahoo triples profits thanks to cost cutting

Latest Headlines in Business

Older Talkback

Business: Index

: News; Features; Currency Conversion

Latest Pics

Emmanuelle Chriqui

Jean-Marc Vallée

Clifton Collins Jr.

From Sites we Like

College's "dispel-a-stereotype" event wants you to know that yes, all atheists are goths with chalk-white makeup and scarlet hair [Amusing]
This guy lost 331 pounds by getting his ginormous ass onto a bike, breaking a few in the process. It's a slideshow, but clicking your mouse is probably the most exercise you're going to get today [Cool]

More Not News from Fark

In Monsters and Critics

: Arts; Books; DVD; Gaming; Lifestyle; Movies; Music; News; People; Science & Nature; Sport; TV; Archives
Other Languages and Sites: Deutschland (Monsters and Critics); The Tech Herald; Free Games

Entertainment: Arts; Books; DVD; Gaming; Movies; Music; People; Soundtracks; TV
Media: Celebrity Photos; Movie Pictures; Movie Trailers; Movie Posters; Theatre Stills; Celebrity Video; Music Video
Released this week: Movies - USA; Movies - UK; DVD - USA
Distractions: Online Games; Daily Crossword; Sudoku Classic; Daily Jigsaw

World News: US; UK; Americas; Europe; Middle East; Asia Pacific; South Asia; Africa; Business; Education; Health
Science and Tech: Science and Nature; Technology
Lifestyle: Autos; Fashion; Life; Travel

Corporate

: About; Advertise; Contact; The Team; Vacancies; Privacy; RSS; Site Map; Terms; Webmasters

The Fine Print

© 2003 - 2009 by Monsters and Critics.com, WotR Ltd. All Rights Reserved. All photos are copyright their respective owners and are used under license or with permission. * Note M&C cannot be held responsible for the content on other Web Sites.

Servers supplied by Servint