Skype faces $4.1 billion lawsuit - Instablogs
Skype faces $4.1 billion lawsuit
Jayanta Bhattacharya , New Delhi: Mar 29 2006
Made Popular Mar 29 2006
What was the value of Skype when it was acquired by eBay? USD 2.6 billion, isn’t it? But now it faces a lawsuit which is almost double the worth of the company itself that many including yours truly though was ‘a bit too high’....
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4.1 billion USD is huge. It sounds almost ironical that a company is sued for a price completely double its value.
creating a secret shell firm in order to steal away some peer-to-peer technology developed by Stream cast, then use it to build the Skye service, according to a lawsuit Stream cast filed in January
Stream cast claiming US$4.1 billion in unspecified damages plus a court order blocking eBay from selling Skye services–revolved around the involvement of the Skye pair and a long list of other defendants in the development of both Kazaa and VoIP software. Zennström and Fri’s were active in developing Kazan shortly after the end of the dot-com boom.
The complaint seeks $4.1 billion in damages, and demands that Skype stop using the Streamcast features. Streamcast’s complaint was first reported upon the week of March 27 by Andy Abramson of the Web site
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