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eBay's Skype sale gets green light

And Skype and Joltid founders Niklas Zennström and Janus Friis join investor group

Tags: joltid, skype, ebay

By silicon.com

Published: 6 November 2009 17:30 GMT

eBay has announced today that the sale of its controlling stake in VoIP service Skype will go ahead, following the settlement of litigation over the proposed transaction.

The settlement restructures the deal with an investor group led by Silver Lake and puts an end to a dispute with software maker Joltid over the licensing of software that underlies Skype's internet telephony service.

In addition, the settlement brings Skype and Joltid founders Niklas Zennström and Janus Friis, into the investor group. Zennström and Friis will take a 14 per cent stake in Skype, in return for contributing Joltid software and "significant capital investment".

Skype
(Photo credit: Skype)

For more on this story see eBay's Skype sale gets go-ahead with settlement on CNET News.com.

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