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Skype's founders go nuclear on the $1.8 billion buyout

Attorneys must love the founders of Skype -- Niklas Zennstrom and Janus Friis, who filed yet another lawsuit. This one is against the former CEO of Joost, Mike Volpi, as well as Index Ventures. The claim is that the defendants breached their fiduciary responsibilities to Joost by brokering the $1.9 billion buyout of Skype, which is currently owned by eBay (NASDAQ: EBAY). One of the investors in the proposed deal is Index Ventures (and Volpi recently became a partner of the firm).

Keep in mind that on Wednesday, the Skype founders filed a lawsuit -- against eBay, Silver Lake Partners, Index Ventures, Andreessen Horowitz and the Canada Pension Plan Investment Board -- for copyright infringement. They believe that their company, Joltid, owns key intellectual property for the Skype platform and that eBay is in violation of the terms.

Continue reading Skype's founders go nuclear on the $1.8 billion buyout

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Last updated: May 27, 2012: 06:04 AM

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