Adding ‘finishing touches’ to Skype deal

Thursday, November 5, 2009 4:47 PST -08:00   News  


p2pnet news view | Products:- According All Things Digital, everything is copacetic with Skype co-founders Niklas Zennström and Janus Friis and a “wide range of prominent Silicon Valley players”.

Or if it isn’t now, it soon will be — and possibly “around the time the markets open tomorrow,” says the story.

A settlement “between a consortium of private equity investors, who successfully bid for Skype in September, and the original founders of Skype, who have filed several lawsuits in an effort to scuttle the consortium’s $1.9 billion deal to buy a majority of Skype from eBay,” was on the verge f being agreed, p2pnet posted yesterday, quoting the New York Times.

The deal would “restructure the group that is buying Skype,” it said, aso noting, “Index Ventures, a London-based venture capital firm whose partner, Michelangelo Volpi, was at the center of litigation over the Skype sale, is most likely withdrawing from the deal”.

All Things Digital has sources sayng, “lawyers are apparently putting the finishing touches on the paperwork and have signature papers completed by both sides to be able to wrap it up quickly.”

So, “while nothing is ever over until it is over, it looks like it is over,” and, “Sources also said that as part of the deal to end the legal madness, Zennström and Friis will get 10 percent of Skype back for rights to key software technology they control, an option to pay $83 million for another three percent of the Internet telephony service and two seats on the 23-member board.”

Follow p2pnet on Twitter.

1p Subscribe

All Things Digital – I Love the Smell of Settlement in the Morning: Skype Founders Set to Get 10 Percent, Option to Buy Three Percent More and Two Board Seats, November 4, 2009
p2pnet
– Zennstrom and Friis: Skype, the sequel, November 4, 2009
New York Times
– End to a Fight Over Skype May Be Near, November 3, 2009


Use free p2pnet newsfeeds for your site. It’s really easy!
Subscribe to p2pnet.net | | rss feed: http://p2pnet.net/p2p.rss | | Mobile – http://p2pnet.net/index-wml.php


Net access blocked by government restrictions? Use Psiphon from the Citizen Lab at the University of Toronto. Go here for details.

Related Articles

  • Limewire reaches to users beyond filesharing
  • Zennstrom and Friis: Skype, the sequel
  • AT&T VoIP reversal after Verizon, Google deal
  • The Pirate Bay deal ‘in peril’


  •  Del.Icio.Us this! | Digg this! | Reddit this! | Stumble this!

     Enjoyed this? Subscribe to the feed.

    No comments yet

    Leave a Comment

    You must be logged in to post a comment.


     
    Ares Free Music Downloads- Get it Today!
    Are You A Music Lover? Then You Need Ares!
    Worry and Hassle Free Music — Ares
    Great Music Is At Ares
    Ares Free Download Review
     
    Ares A Quality Program For Downloading Media
    .
    Free Ares for All
    .
    Ares Destiny Review
    .
    Advantages of Ares
    .
    Sharing Files With Ares Is Quick Easy and Fun
    .
     
     
     
    . Ares P2P
    . Ares is the ultimate photos and pictures download tool
    . Ares movie download
    . Downloading music with Ares – it’s so easy!
    . Ares is person to person download tool
     
     
    Acai Berry | Salvia | Ares Free Music Downloads Home
    Copyright © 2010 Official Ares All Rights Reserved.