Skype and Joltid Bury the Hachet

Skype is finally relieved from the lawsuit that Joltid had held against it and that had potentially put its own existence into jeopardy. Skype creators Friis and Zennstrom, who are behind Joltid, and who sold Skype to eBay, had lodged a lawsuit against the latter for using technology it was not allowed to use, a technology that is the very core of the Skype communication system.

Now the conflict is resolved, with the lawsuit dropped in exchange of 14 percent stake given to Friis and Zennstrom in the new Skype venture, as well as a seat for each of them on the board. This event results in Skype having full ownership of the software, so that it can concentrate on building what Skype president Josh Silverman terms as "the world's greatest communications software".