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EBay Settles Lawsuit Filed by Skype Founders
By: abcnews.comPosted On: 11/09/2009 9:42 A
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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.
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
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