Tag: skype bought

Skype’s Founders Not Going To Play Nice

Janus Friis and Niklas Zennstrom.Less than three weeks after eBay announced official plans to sell Skype, Skype’s founders decided they won’t be playing nice. Skype founders Niklas Zennstrom and Janus Friis filed suit against both eBay and private investors via Jolitd Ltd., a firm owned by the two from which Skype licenses peer-to-peer technology. The suit alleges copyright infringement and requests a permanent injunction against Skype along with damages.

According to the lawsuit:

The Skype companies have continued to infringe Joltid’s copyrighted works on a massive scale. Each day that the Skype Companies continue to make available its Internet telephone software for download, Skype users download Joltid’s copyrighted works approximately six times per second.

That’s a lot of copyright infringing, and a big problem for eBay, which claims to remain on track to sell the company in Q4. Friis and Zennstrom have since been contacting private venture groups in an attempt to buy back the Skype business. However this one shakes out, I’d guess it’s going to be pretty ugly.

Source: Reuters

Skype Stake Sold To Private Investor Group

Skype logo.The rumored Skype sale has been officially confirmed today, with eBay letting go of 65% of the company in a $2.75 billion valuation. The sale will net eBay $1.9 billion in cash on close, which should happen sometime within Q4 of this year.

I was actually shocked to see such a low price tag on Skype. eBay dropped $3.1 billion on the company back in 2005, but they lowered the price because they said certain synergies weren’t going to work out as planned. Still, Skype makes something like $600 million a year in revenue, so $2.75 billion looks cheap.

The first news of the sale came at the beginning of the year when eBay announced they were preparing Skype for an IPO in 2010. The move was obviously meant to court offers from investment groups, and Silver Lake Partners finally took the bait. There has been no word on whether the new investors will float Skype on the stock market as initially planned.

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