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Wednesday, November 4, 2009

I Love the Smell of Settlement in the Morning: Skype Founders Set to Get 10 Percent, Option to Buy Three Percent More and Two Board Seats

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According to several sources close to the situation, barring any unforeseen delay, a deal to settle the Skype imbroglio is likely to be announced around the time the markets open tomorrow.

While the massive agreement–which will settle a series of lawsuits waged by Skype’s co-founders–is not yet officially signed, sources said lawyers are apparently putting the finishing touches on the paperwork.

Sources also said that those co-founders–Niklas Zennström and Janus Friis–will get 10 percent of Skype back for rights to key technology they control, an option to pay $83 million for another three percent of the Internet telephony service and two seats on the 23-member board.

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Tuesday, November 3, 2009

Volpi and Index Ventures Out of Skype Deal, the Lawsuit-Happy Founder Twins In

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According to sources close to the situation, Index Ventures and Michelangelo Volpi are out of the deal to buy Skype–and their lawsuit-loving nemeses, the founders of the Internet telephony service, are in.

More details to come, but it’s sure proof that the legal system, such as it was used, works.

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Thursday, October 15, 2009

Volpi and Index Smack Back at Skype Founders With Motion to Dismiss (Plus Filings!)

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The legal high jinks in the contentious battle over the fate of Skype got worse this afternoon, as former Joost CEO Michelangelo Volpi and Index Ventures filed a motion to dismiss a lawsuit brought by the founders of Skype–Niklas Zennström and Janus Friis, via Joost and Joltid–against them.

It’s yet another chess move among a group of well-known tech players, who used to work together closely and are now at odds.

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Dueling Skype Sides Hire Big Communications Guns

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Perhaps the sides in the ever-escalating war over the Skype deal will work out their differences and settle–which is what should and probably will eventually happen after everyone realizes how stupid all this noisy legal wrangling over the Internet telephony giant is.

But that day is decidedly not today, given a pair of recent big-gun PR hires by parties involved.

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Wednesday, October 14, 2009

When Entrepreneurs Attack! All 10 New Skype Lawsuit Filings!

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Earlier today, Joost and Joltid attacked!

The pair of companies, which are controlled by Skype co-founders Niklas Zennström and Janus Friis, filed a motion for preliminary injunction against former Joost CEO Michelangelo Volpi and Index Ventures, where Volpi now works as a partner, asking that he not use knowledge or confidential information he got at the video start-up in current dealings with the Internet telephony giant.

Here are 10 filings made today related to the injunction!

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Exclusive: Skype Founders Keep on Punching–File Injunction Against Volpi and Index

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Joost and Joltid filed a motion for preliminary injunction against former Joost CEO Michelangelo Volpi and Index Ventures, where Volpi now works as a partner, asking that he not use knowledge or confidential information he got at the video start-up in current dealings with Skype.

The move is yet another legal attack from the founders of Skype, who were on the losing side of the $2 billion deal to buy the Internet telephony giant from eBay.

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Friday, September 18, 2009

Parsing the Legal Tantrums of Zennström and Friis

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Is it just me or is it completely ironic that a pair of European entrepreneurs kept out of the United States due to tantrum lawsuits from the music industry are stamping their own legal feet like two ill-tempered toddlers of late?

That would be Niklas Zennström and Janus Friis, who today filed yet another lawsuit in their seemingly never-ending quest to win in court what they couldn’t in business dealmaking.

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Monday, September 14, 2009

Joost a Little Misunderstanding Between Friends? Actually a Knee-Capping–but Please Enjoy the Video From Better Days!

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Revenge is a dish best served cold–except, of course, when one decides to serve it piping hot.

And that’s just what part of one of the losing sides of the $2 billion deal to buy Skype from eBay is doing in an unusual attack on Michelangelo Volpi, a well-known tech exec in Silicon Valley.

It’s Joost-y, for sure, so step right up to this sorry spectacle.

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Wednesday, September 2, 2009

Google and Others Fish for Acquisitions: Here’s What They Might Be Looking For

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Google CEO Eric Schmidt gave what he just had to know would be a much quoted comment to the Nikkei today, explicitly saying that the company had “begun seriously looking into acquisitions again.”

Music to the beleaguered mergers and acquisitions market, to be sure, especially after a recent uptick from other big companies pulling out their wallets again as the impact of the econalypse subsides.

According to sources, Google is working on at least a half-dozen acquisition deals, most of which are small start-ups in the online advertising and cloud-computing arenas.

That would be welcome news for many.

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Monday, August 17, 2009

Yahoo Poised to Name New International Head–After Five-Month Look-See at the Crowned Web Heads of Europe

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Yahoo is closer to naming a new international head, according to sources, the last big slot left in the top management structure of CEO Carol Bartz.

While BoomTown is endeavoring to get the name of this international man of mystery, the suspect list is long, since Yahoo’s headhunter for the job–Heidrick & Struggles–has pretty much talked to the gamut of international Web muckety-mucks since the search started six months ago.

In a memo to Yahoo staff after her reorganization in February, Bartz said that “international growth is critical for Yahoo!, which has become too reliant on its U.S. business over the years.”

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Thursday, July 16, 2009

Do That Thing You Do: After Cuts, Both Yahoo and MySpace Need a Little Something

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A few weeks ago, when I was having breakfast with legendary Silicon Valley entrepreneur Marc Andreessen about his new venture fund, he talked about what he thought was critical to being successful as an Internet company.

Ticking off names, from Apple CEO Steve Jobs to Facebook CEO Mark Zuckerberg, Andreessen said he always favored technical entrepreneurs for one key reason: “You need someone who lives and breathes product.”

It’s a refrain I have heard a lot recently from a wide range of people in the sector, most especially when talking about two of the more challenging renovations of key Internet brands going on of late.

That would be: Yahoo and MySpace.

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Monday, July 6, 2009

Mike Volpi Jumps From Joost to Index: A BoomTown Interview (And Full Press Release)

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Two years ago, Index Ventures was part of a group that invested $45 million in Joost, the then-hot-and-hyped online video service, while bringing on well-known tech exec Mike Volpi as CEO.

Now, he is headed to Index as a partner in the venture firm, in what some might think is an ironic move.

That’s because last week, after much effort to get traction for Joost, Volpi announced that the service was undergoing a major shakeout–drastically cutting staff and shifting its business model and strategy.

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Friday, March 27, 2009

Former AOL Head Jon Miller Heads to News Corp. as “Chief Digital Officer”

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BoomTown has confirmed a report that former AOL head Jon Miller is set to take over as digital head at News Corp., replacing Peter Levinsohn.

But Miller has not actually signed up for the job officially, since he is still under a noncompete agreement with Time Warner from his AOL stint. It runs out in three days, in fact.

But sources said News Corp. is likely to announce Miller as its “chief digital officer” by Monday or Tuesday at the latest.

Once he does sign, which seems likely, Miller will be reporting directly to the media giant’s head, Rupert Murdoch. Based in New York, he will also be chairman and CEO of the newly created News Digital Media group.

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Tuesday, November 18, 2008

Yahoo’s Peter (Chernin) Principle–And Other CEO Choices

Obviously, the dream CEO for Yahoo is News Corp. President and COO Peter Chernin.

And, no surprise, he is the No. 1 choice of most inside and outside Yahoo in the wake of the news late yesterday that its current CEO and Co-Founder Jerry Yang is stepping down.

Well, Yahoo would certainly be a challenge for Chernin, in terms of a corporate cleanup challenge, especially compared to figuring out how to make bank on plush toys from “The Simpsons.”

But there are many other contenders for the job, despite the slog it could be. Here’s BoomTown’s list…

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Monday, November 10, 2008

Since Microsoft Can’t Pick Its Digital Head, BoomTown Does It for Them: Volpi, Smith, Armstrong?

Another week, another nonpick for the still-outstanding position to lead Microsoft’s digital business.

Microsoft CEO Steve Ballmer has cast about for more than three months, both internally and externally, for the person who will turbocharge Microsoft’s Web efforts, but no one has emerged a favorite.

Nonetheless, new prospects include former Cisco exec and current Joost CEO Mike Volpi, sources said.

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About Kara

Kara Swisher started covering digital issues for The Wall Street Journal's San Francisco bureau in 1997 and also wrote the BoomTown column about the sector. With Walt Mossberg, she co-produces and co-hosts D: All Things Digital, a major high-tech and media conference. Read more »

Ethics Statement

Here is a statement of my ethics and coverage policies. It is more than most of you want to know, but, in the age of suspicion of the media, I am laying it all out.

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