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Skype Battle Nears End
Originally posted on VoIP & Gadgets Blog, here: http://blog.tmcnet.com/blog/tom-keating/skype/skype-battle-nears-end.asp.
 Gigaom reports that there is a good chance that a resolution of the lawsuit between the Skype founders Niklas Zennstr�m and Janus Friis and eBay's (News - Alert) Skype could be announced as soon as this week.
According to Gigaom, a group of private equity investors led by Silver Lake Partners are close to settling their legal dispute with Niklas and Janus which will allow eBay to sell 65 percent of Skype for around $2 billion. This means that Index Ventures and Michelangelo Volpi, former CEO of Joost (News - Alert) are on the "outs" to buy Skype. It's important to note that Joost also uses the proprietary P2P protocol that is the core engine used in Skype. With this knowledge of the core guts of the P2P engine, Volpi attempted to bid for Skype (News - Alert) along with Index Ventures.
There is no love lost between Volpi and the founders of Skype who also founded Joltid. JoltId accused, "Volpi has repeatedly failed to comply with Joost's demands that the return his computer and all Confidential Information he obtained in the source of his fiducisary relationship with Joost."
According to Om, "Zennstrom and Friis will have a board seat on the newly independent Skype, which would be allowed to use JoltID's technology."
Tags: gigaom, index ventures, joltid, michaelangelo volpi, skype, voip
Related tags: index ventures, skyp, joost, volpi, joltid
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