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Ebay Settles with Skype – Now what?

The New York Times is reporting that Ebay has formally settled the litigation around selling Skype.   Terms of the blackmail, er deal include that the founders of Skype will drop their lawsuits against eBay and the investment consortium who planned to buy 65 percent of Skype in exchange for 14 percent in the “new” company, plus two seats on the board.

When the smoke clears, eBay will hold 30 percent of Skype and the consortium owns 56 percent of the company.  In likely the best news for all involved, Niklas Zennstrom and Janus Friis will also transfer the intellectual property owned by Joltid that just happened to be at the operating heart of the Skype software over to the Skype.

Index Ventures, who had bailed out of the purchasing consortium earlier this week and faced the brunt of litigation due to partner Michael Volpi’s alleged efforts to move Skype to SIP and revealing “secret sauce” trade secrets of how Skype worked,  is no longer in the picture.

SOo, the legal clouds against Skype have cleared, but if anyone is walking around with a good taste in their mouths other than Zennstrom and Friis, let me know.

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