Delay over Skype Deal by Milota Sidorova

Deal among eBay, popular internet on-line seller and Index Ventures, private equity company over selling Skype has been delayed. Three inside characters play the key role in the game. Niklas Zennstrom, Janus Friis, Scandinavian duo that created KaZaa – peer-to-peer file sharing application, later remastered into the popular peer-to-peer Internet telephony network Skype and founded Joost, once viable interactive software for distributing TV shows and video on web are fighting back for the intellectual heritage in Skype. The case reached the Court and it’s highly probable it will slow the upcoming deal. Skype has already announced it was intending to create new te! chnology since it could loose the original one. The last player is recently removed high-profile chairman of web TV firm Joost Mike Volpi, leaving to join Index Ventures, the company bidding to takeover Skype. There may be another delay with the deal caused by investigation over Volpi who led Joost nearly bankcrupty. By June 2009 it was dropping its consumer service, cutting jobs and having difficulties to find proper revenue to carry on. According some sources Volpi‘s behaving should be examined. Volpi may be facing the court case. According expectation Skype should be acquired by Index Ventures in 2010. eBay cited the price of $2 billion for 65 percent stake within the company. When eBay bought Skype, Zennstorm and Friis cashed $2.6 billion and literally got rich, since the original price was valued to $916 million and both admitted it was overpaid. Now they are struggling back for Skype technologies. Volpi is struggling to buy back Skype, and may be facing a c! ourt delay and eBay is struggling to sell the stake.

r! elated s tory (sgx15368): http://online.wsj.com/article/BT-CO-20090914-712351.html...

by Milota Sidorova for PocketNews (http://pocketnews.tv)

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