The news also leaves the plan to sell off part of the company under a cloud. "If the matter is not resolved through negotiation," the company said, the "continued operation of Skype's business as currently conducted would likely not be possible". Zennstrom and Friis left Skype in 2007, and earlier this year Joltid revoked the license, leading to a series of court battles between the two companies over the details of their contractual agreement.Īlthough eBay is believed to be working on alternative technologies to replace Global Index, it admitted in a regulatory filing that the dispute could prevent Skype - which currently has almost 500m users worldwide - from operating as normal. Instead, it agreed to license Global Index from Joltid for the foreseeable future. It provides some of the crucial peer-to-peer sharing systems that underpin Skype - but when eBay bought the internet telephone company in 2005 for $3.1bn, it decided not to purchase the system. The quarrel surrounds a piece of technology called 'Global Index', which belongs to Joltid, a separate, UK-based company started by Zennstrom and Friis in 2002. The dispute could see Skype shut down, potentially derailing eBay's plan to sell off a majority stake in the internet phone business for $1.9bn to a group which includes venture firm Index Ventures and private equity firm Silver Lake.
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