Skype didn't cost eBay 4.1 billion dollars in court

No primary category set

A company called StreamCast alleged that Skype‘s founders who also developed the Kazaa online file-swapping software took the phone technology with them after they sold Kazaa to another company and went on to wrongfully profit from its use. They claim Skype broke an agreement to give StreamCast an option on Skype’s voice over IP technology.

Streamcast were asking for more than $4.1 billion and an injunction blocking eBay from selling Skype services. Seeing as eBay already paid $2.6 billion for Skype this would have been pretty detrimental to the bottom line. The news comes just hours before the fourth quarter results are due to be announced later today.

All claims against Skype and eBay have been dismissed.

RELATED POSTS..

payments-1

Amazon Pay is set to be available at petrol stations, restaurants and stores

News-UK

eBay and News UK team up to push targeted content

PayPal-on-Skype

Skype adds ‘Send Money’ powered by PayPal to mobile apps

Telephone-Feat

EU to force Skype to behave more like BT

Webcam

Windows 10 Anniversary Update breaks web cams

Featured in this article from the ChannelX Guide – companies that can help you grow and manage your business.

Latest

Take a look through a selection of the latest articles on ChannelX

Register for Newsletter

Receive 5 newsletters per week

Gain access to all research

Be notified of upcoming events and webinars