socialmedian: Confirmed: Skype Founders Settle With eBay And Others, Get 14% Stake In Skype, Not 10%

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Confirmed: Skype Founders Settle With eBay And Others, Get 14% Stake In Skype, Not 10%

Source: TechCrunch

Nov 06, 2009

Summary

eBay has just announced that it has reached a settlement with the founders of Skype, clearing the way for the sale of the Internet communication company to a consortium formed by private equity firm Silver Lake Partners, Andreessen Horowitz and the Canada Pension Plan Investment Board.

Index Ventures, a historical investor in Skype, is not going to be part of that buying party after all, and its partner Mike Volpi is definitely out of the picture (no surprises there).

The original Skype founders, Niklas Zennström and Janus Friis, are now back in the game. The Scandinavian businessman are getting 14 percent of Skype back for rights to the Global Index P2P technology their company Joltid controls (which is key to the Skype software) – and not 10% like previously reported by other media. In addition, Friis and Zennström gain representation on the board of the new entity. The two men are also putting in some capital of their own, presumably through their Atomico Ventures fund.

In return, of course, they’re dropping their lawsuits against eBay and the other Skype b

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