eBay Sells Most of Skype

CheeseMan42 - September 1, 2009 04:07PM in Internet

A deal was announced today that leaves eBay with 35% of Skype, with the rest going to a group of venture capitalists. The president of Skype, Josh Silverman, sees this as an opportunity to start over, with a group of owners that believe in the principles that Skype was founded on. eBay remained largely uninvolved since purchasing Skype in 2005, and the losses continued to pile up. In an interesting twist, the company that owns the technology Skype uses to communicate recently cut off eBay's license to use the technology.