EBay (NASDAQ: EBAY) Settles Legal Battle with Skype
Posted on 11/6/2009 6:46:23 PM in #Stocks | 0 comments comments
EBay Inc. (NASDAQ: EBAY) says a group of investors who are buying the majority of its telecommunications service, Skype, agreed to settle a legal skirmish with Skype's founders, according to Associated Press. Top Best Penny Stocks, a leading financial publication, is pleased to alert investors of stocks on the move. Sign up for our Free Stock Newsletter. The online marketplace operator said Friday the settlement gives Skype ownership of software that had in the past been licensed from Joltid Ltd. -- a company that was founded by Skype co-founders Niklas Zennstrom and Janus Friis. It also settles lawsuits that had been filed against the investor group and eBay once the sale of Skype is completed. Under the settlement, Zennstrom and Friis will become part of the investor group buying Skype and get a 14 percent stake in the company. This means that the investor group will own 56 percent of Skype once the deal closes. EBay will own 30 percent. Sign up for Top Best Penny Stocks' free newsletter. To subscribe, enter your e-mail address into the frame at the bottom of this press release or visit our website. Follow us on Twitter: http://www.Twitter.com/topbestps About Us Top Best Penny Stocks is a leading stock web site that allows investors and interested parties to research stocks that are on the move. We also track small cap companies that are on the brink of a financial breakout. To feature a company on our web site please contact us at the email listed below. Please click here to read the full disclaimer. staff@topbestpennystocks.com
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