Print Version
www.fxclub.com - Forex Club
The site section: «Trader's tools»
The page name: «The FOREX market news»
The document address: http://news.fxclub.com/forex/news?action=print&id=7296673&key=938a5972caaf76ce42e5e0a6833e16b834a20883
Date and page printing time: November 21th 2009 05:03 GMT
Trade's Tools | The FOREX market news
DJMN: Skype Litigation Could Be Resolved Soon - NYT
DOW JONES NEWSWIRES
A resolution of the litigation surrounding the Internet phone service Skype could be announced as early as this week, The New York Times reported Tuesday, citing people been briefed on the situation.
In an interview with CNBC Tuesday, eBay Inc. (EBAY) Chief Executive John Donohoe said he is "confident" the Skype deal will close this month. Ebay agreed to sell Skype to a consortium of private equity investors in September.
The New York Times reported that the proposed settlement is between the consortium and the founders of Skype, who have filed several lawsuits in an effort to stop the $1.9 billion deal.
The deal would restructure the group buying Skype. Niklas Zennstrom and Janus Friis, who created Skype and sold it to eBay in 2005, will take a significant stake. Index Ventures, a London-based venture capital firm whose partner, Michelangelo Volpi, was at the center of the litigation surrounding the sale, is most likely withdrawing from the deal.
Full story at http://www.nytimes.com/2009/11/04/technology/companies/04skype.html?hp
Web site: www.cnbc.com
-Dow Jones Newswires; 212-416-2900
Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/access/al?rnd=zzvIlbd1ABWdI3%2FD8hQw4w%3D%3D. You can use this link on the day this article is published and the following day.
(END) Dow Jones Newswires
November 03, 2009 15:30 ET (20:30 GMT)
© 2007 Forex Club Financial Company, Inc. All rights reserved.
TWO WORLD FINANCIAL CENTER
SUITE 4302, NEW YORK, NY 10281, UNITED STATES
1-800-881-3809, email: info@fxclub.com
|