sign in • sign up
web | myLot | discussions | tasks | blogs | news | photos
homeinterestsdiscussionstasksblogsnewsmessages friendsphotosearningsmyLotquizzes

sponsors
nuclear medicine technology jobs washington dc
Find Jobs in Nuclear Medicine - Search Washingtonpost.com Now.
www.washingtonpost.com/jobs

Art in Fredericksburg, VA
Galleries, Museums, and the Performing Arts. Request a free guide.
www.VisitFred.com

Washington Jeep Dealer
Find New Vehicle Deals at Your Local Washington Jeep Dealer
www.JeepDealer.com

EBay settles lawsuit filed by Skype founders email this discussion to a friend?

By RACHEL METZ
AP Technology Writer
 
2 months ago

SAN FRANCISCO (AP) - EBay Inc. has settled a legal skirmish with the founders of Skype that threatened to complicate eBay's plans to sell most of the Internet phone service to a group of investors for $2 billion.


The online marketplace operator said Friday the settlement gives Skype ownership of critical software that had been licensed from Joltid Ltd., which is a company founded by Skype co-founders Niklas Zennstrom and Janus Friis. The settlement effectively ends Zennstrom and Friis' litigation against the investor group and eBay.


In return, Zennstrom and Friis will get a 14 percent stake in Skype. They also agreed to make a "significant" capital investment in Skype, eBay said.


When eBay announced the sale in September - after exploring plans to spin out Skype through a public stock offering - it said the investor group would buy 65 percent of Skype for $1.9 billion in cash and $125 milion to be paid later. EBay was to own the remaining 35 percent.


Now with the stake going to Zennstrom and Friis, the investor group will own 56 percent of Skype, while eBay will keep 30 percent.


Skype's founders filed a copyright infringement suit in U.S. District Court in San Francisco soon after the sale was announced, alleging that Skype was operating in a way that violated an agreement over the use of the Joltid technology. That suit followed a licensing dispute between Joltid and Skype in a U.K. court.


Another suit was filed shortly thereafter against Mike Volpi, who once had headed another Friis-Zennstrom company, Joost NV, and had been a Skype board member. Volpi is now a partner at Index Ventures, which was part of the investment group that planned to buy Skype from eBay. The suit against Volpi alleged he breached his legal duty to Joost by using confidential information in the Skype deal.


EBay said Friday that Index Ventures is no longer part of the group of buyers. Another Index partner and former Skype board member, Danny Rimer, said in a statement that the terms of the Skype deal changed so that it "no longer matches our investment criteria."


The Skype deal is expected to close by the end of the year.


In a statement, eBay CEO John Donahoe said Skype "will be well positioned to move forward under new owners with ownership and control over its core technology."


EBay shares rose 2 cents to $23.26 in afternoon trading.



sponsors
washington post employment
Search Jobs& Post Your Resume on Washingtonpost.com - Try Now.
www.washingtonpost.com/jobs

Washington Scholarships
Tap Into $7 Billion In Scholarship Funds. Get Free Step-By-Step Guide.
FreeEducationGuide.com

DC Area Attractions
Find museums, national monuments, historic homes, wineries and more.
www.fxva.com

 
sponsors
Insurance Captive Solutions
The Taft Companies, an Insurance Captive and consulting group, provides captive management in Bermuda, Washington DC, South Carolina and Montana.
www.taftcos.com

WA Appraisal License
Get Your Appraisal License Today. DETC Nationally Accredited.
www.RealEstateLicense.com

Travel to Washington DC
Browse the Best Travel Deals to Washington DC. Use Travelzoo.
www.Travelzoo.com

other high tech news

Google sharpens aim on mobile marketing with AdMob

Four years ago, Omar Hamoui was just another ineffectual entrepreneur trying to spruce up his resume in graduate school.

Started in high tech news • 14 hours ago • 0 responses
Apple's stock hits new high as gadget buzz builds

Apple Inc. shares hit an all-time high Thursday after a published report suggested the intensely scrutinized yet secretive company may be getting ready for a major product announcement.

Started in high tech news • 1 day ago • 0 responses
Tags: united states, apple stock
FILE - In this Oct. 19, 2009 file photo, the Apple logo is seen on an Apple store in San Francisco. Apple shares hit an all-time high Thursday, Dec. 24, 2009, after a published report suggested the intensely scrutinized yet secretive company may be getting ready for a major product announcement. (AP Photo/Russel A. Daniels, File)
Apple CEO Steve Jobs takes $1 salary in 2009

Apple Inc. Chief Executive Steve Jobs was paid his customary $1 annual salary in 2009, but Apple's strength through a rough economic climate returned the value of his personal holdings in the company...

Started in high tech news • 3 days ago • 0 responses
Twitter buys Mixer Labs to map tweeting locations

Twitter is buying a startup called Mixer Labs in an effort to pinpoint the locations of people posting short messages on its service.

Started in high tech news • 3 days ago • 0 responses
College asks students to power down, contemplate

Dianne Lynch wanted to give the students of Stephens College a break from the constant digital communication that pervades their generation. So she asked them to put their phones and computers away...

Started in high tech news • 1 response • Last response by echomonster (0) • 1 day ago
Tags: united states, tec college unplugged, vespers, quiet time, turning off the cell phone
return to mylot
We are loading a word from our sponsors. No thanks, cancel loading.