socialmedian: Andreessen On Skype: “This Is One Of The Most Important Companies On the Internet.”

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Andreessen On Skype: “This Is One Of The Most Important Companies On the Internet.”

Source: TechCrunch

Nov 06, 2009

Summary

Earlier this morning, Niklas Zennström and Janus Friis settled their lawsuits with eBay and a syndicate of investors in return for a 14 percent stake in the company they founded. The lawsuits were complicating the spin-off of Skype from eBay because the Skype founders still controlled the service’s underlying peer-to-peer technology.

In an interview with me this morning, Marc Andreessen, one of the investors through his new fund Andreessen Horowitz, told me, “The deal was never held up. The money was in escrow and was going to close” even if the lawsuits weren’t settled. The transaction is on track to close later this quarter. The other investors are Silver Lake Partners and the Canada Pension Plan Investment Board. Index Ventures and Mike Volpi are out of the deal. Josh Silverman will continue to be CEO.

Andreessen is glad that the lawsuits are settled and that the “Joltid IP is now owned by Skype,” but was prepared to litigate if it didn’t work out. He explains: “This was a completely known situation going into it. It was one of the reasons the de

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