TransWorldNews logo TransWorldNews 2 weeks ago

Skype founders Join Buyout Group Ebay (NYSE:EBAY) Drop Litigation

The settlement resolves questions about how Skype would operate in the future. The founders, who owned the underlying software code to the Web-calling service, had accused EBay of breaking a licensing deal and sued the investor group in September. Full Article at TransWorldNews

Related Topics:

  1. eBay Inc.
  2. Janus Friis
  3. Niklas Zennstrom

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Related Quotes

  1. Although Skype has the potential to be a great investment, the deal terms changed for Index such that it no longer matches our investment criteria and thus we have decided not to participate in the transaction
    – Danny Rimer SOURCE: Wireless News Factor 2 weeks ago
  2. It puts you in a different mindset
    Marc Andreessen – Marc Andreessen SOURCE: VC Circle 2 weeks ago
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  1. WASHINGTON - SEPTEMBER 21: Josh Silverman, CEO of Skype Technologies, participates in a discussion at the Brookings Institution on September 21, 2009 in Washington, DC. The Brookings Institution hosted a discussion on improving broadband and mobile communications.
  2. NEW YORK - SEPTEMBER 01: In this photo illustration, the Skype internet phone program is seen September 1, 2009 in New York City. EBay announced it will sell most of its Skype online phone service to a group of investors for $1.9 billion, a deal that values Skype at $2.75 billion.
  3. FILE - In this Sept. 1, 2009 file photo, Ed Ho, right, demonstrates the online telecommunications service Skype with friend Daren Tsui, on screen, at Ho's home in Palo Alto, Calif.
  4. NEW YORK - NOVEMBER 24: (L-R) R&B group Boyz II Men' Shawn Stockman, Wanya Morris and Nathan Morris ring The NYSE Closing Bell at the New York Stock Exchange on November 24, 2009 in New York City.
  5. "Covidien (NYSE: COV), a leading global provider of healthcare products, today announced the launch of DuraSeal(TM) spine sealant, the first product approved by the FDA for intra-operative sealing of the dural membrane during spine procedures."
  6. NEW YORK - SEPTEMBER 24: New Zealand's Prime MInister John Key signs the New York Stock Exchange's guest book as his daughter Stephie Key (L), son Max Key and wife Bronah Key talk with NYSE CEO Duncan L. Niederauer (R) at the board room of the NYSE Thursday, September 24, 2009, in New York City.
  7. NEW YORK - SEPTEMBER 21: US Secretary of State Hillary Rodham Clinton (L) rings the opening bell at the New York Stock Exchange with NYSE CEO Duncan L. Niederauer September 21, 2009 in New York City. Secretary Clinton is in New York to attend the 64th session of the United Nations General Assembly.
  8. NEW YORK - SEPTEMEBER 14: Boris Johnson (C) the mayor of London, flanked by Chief Executive Officer of NYSE-Euronext Duncan Niederauer (R) and City of London Policy Chairman, Stuart Fraser (L) rings the closing bell at the end of trading day on September 14, 2009 in New York City.

Cast of Characters

  1. eBay Inc. eBay Inc.
  2. Janus Friis Janus Friis
  3. Niklas Zennstrom
  4. Joost Joost
  5. Activision, Inc. Activision, Inc.
  6. NYSE NYSE