06 Nov 2009
As expected, Skype has settled its court action with Joltid, the company set up by Skype founders Niklas Zennström and Janus Friis.
Skype president Josh Silverman called the result "exciting", explaining in a blog post that the firm now had control over the P2P software at the heart of the battle.
"I have some very exciting news to share with you today. In the past couple of days, we and eBay have reached a settlement with Joltid regarding our dispute with them," he said.
"This has extremely positive implications for us on three critical fronts. We will now have ownership of the software previously licensed from Joltid, so we'll be in control of our technology future.
"All litigation against eBay, Skype and the investor group ends, so we'll be free to concentrate all our efforts on building the world's greatest communications software."
Zennström and Friis will join Skype's board of directors, and have a 14 per cent share in the company in return for a "significant" cash investment.
EBay said that it is glad to continue focusing on its core business. "Skype will be well positioned to move forward under new owners with ownership and control over its core technology," said eBay president and chief executive John Donahoe.
"At the same time, eBay continues to retain a significant stake in Skype and will benefit from its continued growth. We look forward to closing the deal and focusing on growing our core ecommerce and payments businesses."
Latest stories from Telecoms
Related videos
Related articles
Related jobs
Poll
Are you confident that the UK's IT infrastructure is secure from attack in the wake of the Flame malware revelations?
V3 examines the key strengths and weaknesses of Samsung's latest iPhone killer
Connect with V3.co.uk
Social networking is almost ubiquitous. This white paper examines the benefits and risks and it looks at the different ways companies can reconcile them
The importance of understanding your infrastructure
Application Security SME, Penetration Tester / Ethical...
Java Developer Thomas Cook Online is the business unit...
Contract Systems Administrator, Southampton My...
PHP Web Developer required to join my market-leading...
Keep up to date with the latest products, services and technologies from the world's leading IT companies. IThound.com brings you over 2,000 white papers, case studies and analyst reports.
Do you agree?