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Wednesday, November 11, 2009

From the Department of Oh No, She Didn’t: Whitman Defends eBay’s Skype Debacle

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If spinning is an intense political skill, former eBay CEO Meg Whitman is doing her very best at trying to create a silk purse out of a sow’s ear.

As Om Malik reports on GigaOm, Whitman–who is trying to nab the Republican gubernatorial nomination in California–told a radio interviewer recently that “actually I think Skype will prove to be a good acquisition for eBay.”

Well, good if you mean the $2.6 billion purchase of the Interent telephony that didn’t ever work as Whitman had effusively promised in 2005. Or the ugly lawsuits over it. Or the successful shakedown by its co-founders to get a big chunk back.

You get the idea.

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Friday, November 6, 2009

All Is Forgiven: “It’s a Clean Slate,” Says Andreessen About Lawsuit-Mad Skype Co-Founders

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Silicon Valley legend and now VC Marc Andreessen was making the interview rounds after the settlement between the litigation-addled co-founders of Skype and all the various people they were suing was announced this morning.

In an interview with BoomTown, when asked about the aggressive legal tactics of Niklas Zennström and Janus Friis that resulted in them finally seizing a stake in the Internet telephony giant by suing him and many other Silicon Valley players, Andreessen said:

“We did not take it personally. It’s a clean sheet of paper.”

Well, it is actually a torn, stained and very worn out piece of paper, but bygones!

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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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Monday, October 27, 2008

A Picture’s Worth a Thousand Words–So What Does a Big Smile in a Layoff Story Mean?

Happy days aren’t here again, it seems.

Still, I am not quite sure what to make of his big, happy smile on Seesmic founder Loïc Le Meur’s face, which went with a story in the New York Times about start-ups cutting costs.

In fact, the whole Seesmic crew is grinning awfully hard, putting a very game face on recent layoffs that cut the staff at the video blog service by more than a third.

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Wednesday, September 24, 2008

Kara Visits Joost HQ in London: Restarting the Start-Up (With a Little Help From Its “Friends”)!

Well, here’s a good reason not to write off Joost quite yet:

When it officially debuts its new Web-based service in mid-October, the London-based company will have some pretty hot content with its half-dozen seasons of the former NBC hit, “Friends.”

Also, there will finally be no more irksome plug-ins.

There will also be cooler social-networking elements.

While all this is not going to make up for the lost time the online video service has wasted with its annoying P2P-based desktop client download, going to a Web-based, all-Flash service with more robust content is certainly the right way to stop rival service Hulu from continuing to clean Joost’s clock.

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Friday, December 28, 2007

Seesmic, Hear Me, Touch Me, Feel Me

OK, you might attribute it to being super-bored in the holiday doldrums. But, for some reason I cannot explain, I find myself strangely drawn to the videos being made about the start-up of Seesmic, the new video-sharing service that is being created by European entrepreneur Loïc Le Meur.
Up on his own loic.tv channel on YouTube, [...]

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Tuesday, October 2, 2007

Pop Quiz: If Skype=Hype, Then Facebook=?

Do you need me to draw you the bright straight line from Skype to Facebook or can you see it all by yourself?

Ok, for those who refuse to live in a little place I like to call reality, let’s review the news coming out of eBay yesterday regarding their 2005 acquisition of Skype for the then unheard of price of $2.6 billion.

The Internet auction giant declared the purchase of the once hot online telephone startup a dud Monday, taking an asset-impairment charge of $1.43 billion for the deal.

In addition, Skype founder and CEO Niklas Zennström was out. The move, said eBay in a filing, represented “updated long-term financial outlook for Skype.”

Quickie translation: Major buyer’s remorse.

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Thursday, September 13, 2007

Kara Visits With Joost’s Mike Volpi, Part 1

I like Mike. Volpi, that is, Joost’s new CEO. The 40-year-old longtime tech exec is a nice choice to run the moderately hyped online video television site. But I will admit it–I have not been gung-ho on the prospect of Joost–which I have called a potentially “messy control freak of a service.”

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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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