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EBay settles with Skype founders

November 07, 2009|Times Wire Reports

EBay Inc. has settled a legal skirmish with the founders of Skype that threatened to complicate EBay's plans to sell most of the Internet phone service to a group of investors for $2 billion.

The settlement gives Skype ownership of crucial software that had been licensed from a company founded by Niklas Zennstrom and Janus Friis. In return, Zennstrom and Friis will get a 14% stake in Skype, with the investors getting 56% and EBay keeping 30%.

The founders also agreed to make a "significant" capital investment in Skype, EBay said.

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