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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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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

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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Stock Stronger as Yahoo Preps to Report Next Week–But Employee Departures (and Return of Yodeling!) Rattle

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In one week, Yahoo will report its third-quarter earnings, after the market closes.

And so far, its stock is showing signs that investors are hoping for better days ahead for the Internet giant.

Other good news: A pair of bullish analyst reports yesterday.

But, a spate of executive departures, with chances of more to come, are worrisome.

As is the excessive yodeling Yahoo is once again encouraging.

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Friday, September 25, 2009

A Tour of Facebook’s London Office (Plus Another “No Comment,” but in a Charming Accent)

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On BoomTown’s trip to London earlier this week, I stopped by the U.K. and Ireland offices of Facebook for a look-see.

Located just off once-swinging Carnaby Street, it’s a very small operation, mostly dedicated to advertising sales. But I did run into some engineers too, at what is Facebook’s most important international outpost.

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Wednesday, September 16, 2009

Former Bebo CEO and AOL Top Exec Shields and Shine’s Murdoch to Form Interactive Content Start-Up

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Former Bebo CEO Joanna Shields and Shine Group Chairman and CEO Elisabeth Murdoch have formed a content start-up to produce across media platforms, both online and offline, with a focus on social engagement, according to sources.

The new venture, which does not have a name, is being financially backed by both Shine and Shields.

Based in London, it will invest, develop and partner to create a variety of content offerings that also incorporate interactive and social networking elements.

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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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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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Monday, July 13, 2009

Facebookers Start Cashing Out Up to 20 Percent of Shares With New $100 Million Investment

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According to sources close to the situation, current and former employees of Facebook are now going to be able to sell up to 20 percent of their common shares.

It is part of a $100 million add-on investment in the social networking company by the Russian investors who recently put $200 million into the company for preferred shares valued at $10 billion.

The new tender offer today by Digital Sky Technologies for common shares of Facebook is valued at $6.5 billion, or $14.77 a share.

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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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Wednesday, July 1, 2009

Tim Armstrong’s 100-Day Vision Quest Nearing End: Party in Dulles! (And Then What?)

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Back in April, Tim Armstrong sent a memo to the long-battered troops of AOL about a 100-day vision quest the new CEO and chairman was going on to find out “how to bring back the magic of AOL.”

It is now Day 86, and Armstrong is closing in on the end of a Where’s-Waldo commitment that he made then to visit all of the far-flung offices of the Time Warner online unit globally to find out what’s what and what he should do to turn AOL around.

BoomTown is eager to see what Armstrong has found out on his trip and what path it will ultimately put AOL on.

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Tuesday, June 23, 2009

Confirmed: Travis Katz Remains at MySpace as International Head (Though With 66.7 Percent Less Staff)

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Earlier today, there was an odd little news kerfuffle around the status of MySpace international head Travis Katz, as the troubled social-networking site laid off 300 of its non-U.S. employees.

Last week, MySpace announced it was reducing its U.S. staff by 420 workers in what has been a major restructuring for the News Corp. unit.

Well, to clear up the is-he-is-or-is-he-ain’t question, it turns out Katz is definitely not leaving in the current shake-up.

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Tuesday, June 16, 2009

“Inane and Half-Baked” Twitter Is the Forrest Gump of International Relations

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In what is quite possibly the most spot-on comment about Twitter that BoomTown has heard thus far, Harvard University Professor Jonathan Zittrain said about its use by Iranians protesting the election results there:

“It is easy for Twitter feeds to be echoed everywhere else in the world. The qualities that make Twitter seem inane and half-baked are what make it so powerful.”

In other words, Twitter is so simplistic and silly that it is a perfect digital tool to overthrow a government–which kind of makes the trendy microblogging service the Forrest Gump of international relations.

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Tuesday, May 26, 2009

The First Video Interview With Facebook’s New Russian Investor, Plus COO Sheryl Sandberg

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Because a lot of tech’s big shots are converging on our seventh D: All Things Digital conference, BoomTown managed to grab Facebook COO Sheryl Sandberg and Alexander Tamas, one of the key execs of the social-networking site’s newest megainvestor, Digital Sky Technologies.

Here’s my video interview with them about the $200 million that the Moscow- and London-based DST announced today that it had invested in Facebook, at a $10 billion valuation.

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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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