Skype really struggled this year with Lawsuit over proprietary P2P VOIP software technology. Finally, Skype managed to settle with JoltID, which is a great news for Ebay,Skype and Silver Lake Investor Group.
As per the official Press Release, Ebay (Skype) and Silver Lake has reached a settlement agreement with Joltid Limited and Joost N.V. that gives Skype ownership over all software previously licensed from Joltid and ends all litigation currently pending against the investor group and eBay at the closing of the acquisition.
In return, Joltid and Skype founders Niklas Zennström and Janus Friis will join the investor group, contributing Joltid software and making a significant capital investment in exchange for a 14 percent stake in Skype.
If you don't know already, Silver Lake along with other investors are going to buy Skype for USD 1.9 billion and the deal is expected to close in last quarter of 2009.
While the lawsuit was filed, Skype was examining the possibility of creating their own piece of code for the Skype p2p softphone and technology, however now the roadmap is clear for Skype. This should not only take some burden off but will help Skype in big way.
Skype now must concentrate on integrating and fully supporting SIP Protocol and if possible try to acquire Gizmo5.
We wish all the very best to Skype and lets hope they bring new innovation in VOIP.
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