Financial Times FT.com

Legal threat to Skype spin-off is resolved

By Maija Palmer in London and Richard Waters in San,Francisco

Published: November 7 2009 02:00 | Last updated: November 7 2009 02:00

A legal dispute that had threatened the spin-off of Skype from online auction group Ebay was resolved yesterday, capping an effort by the two European entrepreneurs who founded the world's biggest internet calling service to elbow their way back into a position of influence at the company.

Niklas Zennstrom and Janus Friis, who had sold Skype to Ebay and quit two years before, will get a 14 per cent stake and board representation in return for dropping their legal action.

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