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05 Nov 2009
Skype co-founders Niklas Zennström and Janus Friis are set to receive a cash bonanza tomorrow, following reports that agreements will soon be reached on three outstanding lawsuits.
If all goes to plan Zennström and Friis will get 10 per cent of Skype, along with the option to buy another three per cent of the VoIP firm for $83m (£50m) and get two seats on the board.
The Skype founders sued Skype owner eBay in September alleging copyright infringement.
The suit claimed that Zennström and Friis, along with their company Joltid, retained some rights to the software, specifically a piece of the peer-to-peer communication system called Global Index.
Zennström and Friis further alleged that the code had been disclosed to other parties and altered after Skype was sold to eBay. This was apparently against the terms of the original agreement.
Joltid said in September that damages could amount to $75m (£45m) a day.
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Skype Is Hype
We introduce "Skype-disruptor" application with new and unmatched web browser centric Video and VoIP cross-platform technology, based on US Patent 7,089,319. The key distinguishing factor of our platform is that it's instantly web browser centric, without anything to download or install. No plugins, no active x controls or Flash. Just instant communication gratification from any web enabled device. We can compete on "true P2P" signal strength, unmatched platform reach, innovative "Orbing" (P2P live and pre-recorded social networks video broadcasts) function, as well as lower operating cost base (higher margins). While Skype is negotiating its way out of a legal minefield, we are focused on capturing strategic market segments. We are actively seeking venture capital. Please visit www.skypeishype.com for more detail.
Posted by: Skype Is Hype 05 Nov 2009