Monday, November 9, 2009

Skype Founders Wrestle Back $400m Share Of Company

Former eBay chief Meg Whitman engineered the purchase of Skype from Niklas Zennstrom and his partner, Janus Friis in 2005

From The Guardian:

• Creators receive 14% of stock in $2bn sale
• Deal ends long running dispute over company's future

The founders of Skype have regained a significant stake in the internet company after settling a contentious legal dispute that had threatened to derail its $2bn sale.

The deal, which was announced today, will give Niklas Zennstrom and Janus Friis a 14% stake in the internet telephony service they originally sold to auction website eBay in 2005 for $2.6bn.

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