eBay sells most of Skype and then gets sued by the founders.

The Skype story continues to roll on. Sold to eBay by it’s founders in 2005 for around $2.5 billion, 65 per cent of it has now been off loaded to a group of private investors for around $2.75 billion.
Skype logo.jpegNot a bad return you might think, as eBay couldn’t really find anything to do with the popular VOIP service that in anyway enhanced it’s online auction service.

But here comes the sting.

There’s a little bit of core peer to peer technology in Skype that still belongs, lock stock and barrel, to Joltid, the company owned by the two Skype founders Niklas Zennstrom and Janus Friis.

And they are now suing eBay and Skype’s new owners for a staggering $75 million a day in damages. Joltid revoked Skype’s licence to the technology earlier this year.

Options? Not many really, without Joltid’s technology Skype would have to be re built almost from the ground up, which makes for interesting times for the new owners, and a bit of fun for us tech watchers.