Adding ‘finishing touches’ to Skype deal
p2pnet news view | Products:- According All Things Digital, everything is copacetic with Skype co-founders Niklas Zennström and Janus Friis and a “wide range of prominent Silicon Valley players”.
Or if it isn’t now, it soon will be — and possibly “around the time the markets open tomorrow,” says the story.
A settlement “between a consortium of private equity investors, who successfully bid for Skype in September, and the original founders of Skype, who have filed several lawsuits in an effort to scuttle the consortium`s $1.9 billion deal to buy a majority of Skype from eBay,” was on the verge f being agreed, p2pnet posted yesterday, quoting the New York Times.
The deal would restructure the group that is buying Skype, it said, aso noting, Index Ventures, a London-based venture capital firm whose partner, Michelangelo Volpi, was at the center of litigation over the Skype sale, is most likely withdrawing from the deal”.
All Things Digital has sources sayng, “lawyers are apparently putting the finishing touches on the paperwork and have signature papers completed by both sides to be able to wrap it up quickly.”
So, “while nothing is ever over until it is over, it looks like it is over,” and, “Sources also said that as part of the deal to end the legal madness, Zennström and Friis will get 10 percent of Skype back for rights to key software technology they control, an option to pay $83 million for another three percent of the Internet telephony service and two seats on the 23-member board.”
All Things Digital – I Love the Smell of Settlement in the Morning: Skype Founders Set to Get 10 Percent, Option to Buy Three Percent More and Two Board Seats, November 4, 2009
p2pnet – Zennstrom and Friis: Skype, the sequel, November 4, 2009
New York Times End to a Fight Over Skype May Be Near, November 3, 2009
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