The on-line auction site eBay has announced that the Ebay/Skype lawsuit has reached a settlement, and that the selling of Skype’s controlling interest will continue.
The conflict began when Skype owners expressed their discontent with how eBay was handling their business. During this time eBay proceeded to sell Skype to a group of investors and Skype filed a lawsuit in response.
When eBay purchased Skype in 2005 they failed to purchase a key p2p technology needed to power the service. Still owned by Skype owners they have since threatened to end the licensing that powers the p2p technology.
The settlement will now allow eBay to sell Skype, while still holding 30 percent of the company. Skype owners Niklas Zennstrom and Janus Friis will own a combined 14 percent, and Skype will now own the key p2p technology it needs to run its service.
