Wednesday, November 04, 2009

Dispute Over eBay's Sale of Skype Close to Resolution - WSJ.com

Skype’s founders regain at least partial control

The proposed settlement, according to the people familiar with the matter, would reconstitute the investor group, dropping one key investor and adding co-founders Niklas Zennstrom and Janus Friis, who created Skype and sold it to eBay in 2005.

Dropped from the group, these people said, would be London-based Index Ventures Management S.A., home to partner Mike Volpi, who used to work for Messrs. Zennstrom and Friis when he served as chief executive of their online video startup Joost NV.

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Under the proposed agreement, the people familiar with the situation said, Messrs. Zennstrom and Friis would receive an undisclosed stake in Skype and at least one seat on the company's board. They would also bring to an end a separate intellectual-property dispute against eBay, these people added. It wasn't immediately clear whether they would drop their suit against Mr. Volpi and Index Ventures.

Dispute Over eBay's Sale of Skype Close to Resolution - WSJ.com

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