We've settled with Joltid
I have some very exciting news to share with you today. In the past couple of days, we and eBay have reached a settlement with Joltid regarding our dispute with them. This has extremely positive implications for us on three critical fronts:
- We will now have ownership of the software previously licensed from Joltid, so we’ll be in control of our technology future.
- All litigation against eBay, Skype and the investor group ends, so we’ll be free to concentrate all of our efforts on building the world’s greatest communications software.
- Joltid and Skype founders Niklas Zennström and Janus Friis will join the investor group and the Skype board with a 14% share in exchange for providing Joltid software and a significant capital investment, so we’ll benefit from their expertise, vision and continued commitment to making Skype a long-term success.
This is fantastic news for us, clearing the road ahead and making what was shaping up to be an exciting journey, an unbelievable journey.
More financial details in the press release.