Skype's future shaky warns eBay
LONDON - Ebay has warned the future of its golden acquisition Skype may not be secure if it cannot recreate the technology that supports it.
eBay is facing a court battle with Joltid, the company owned by Skype's founders which holds the rights to Sykpe's under-lying technology.
When eBay bought Skype for £1.4 billion in 2005, Joltid licensed the technology to EBay, but has now revoked that license.
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In a regulatory filing, eBay said if it fails to win the court case in June next year and is unable to create a new VOIP technology that does not infringe on existing patents, ‘continued operation of
Skype's business as currently conducted would likely not be possible.'
Skype is one of eBay's most successful companies, and eBay has plans to launch it as an independent company and list it on the stock exchange.
Skype has 480 million users worldwide.
Skype could cease to be in a year warns eBay
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