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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

Kara Swisher in News on November 4, 2009 at 11:38 pm PT

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.