EBay CEO: Skype Investors ‘Confident’ Of Work-Around Software – WSJ.com
SAN FRANCISCO (Dow Jones)–An investor group paying $1.9 billion to eBay Inc. (EBAY) for 65% of Skype is “very confident” new software the Internet telephony business is developing will allow it to sidestep a licensing dispute with Skype’s co-founders, said eBay Chief Executive John Donahoe.
San Jose-based eBay, which bought Skype in 2005, has been locked in a dispute over the licensing of peer-to-peer software at the core of Skype technology. Joltid Ltd., a company owned by Skype co-founders Niklas Zennstrom and Janus Friis, retained the rights to the software when they sold the company.
Joltid has threatened to end its licensing agreement with eBay, a development the ecommerce giant recently acknowledged could put Skype’s continued operation at risk. In a July regulatory filing, eBay said it was developing “work-around” software to supplant the original technology still owned by Skype’s founders.
via EBay CEO: Skype Investors ‘Confident’ Of Work-Around Software – WSJ.com.
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