Skype CEO steps down

Published by Charl Norman on Oct 2nd, 2007, No Comments

eBay today announced that Niklas Zennstrom (co-founder of Skype, Kazaa and Joost) has stepped down as CEO of Skype. Zennstrom, who co-founded Skype in 2003, will become non-executive chairman of the Skype Board of Directors. Michael van Swaaij, eBay’s Chief Strategy Officer, will become acting CEO until a permanent successor is found.

eBay also announced that it has paid $530 million to settle all of its future obligations under the earn-out agreement signed with certain Skype shareholders when eBay acquired Skype in 2005. The earn-out agreement provided for payments of up to approximately $1,700 based upon specific active user, revenue and gross profit targets that were to be achieved in 2008 and the first half of 2009.

Tweet

Advertise Here

Related Posts

• Local App Bozza, the first of its kind, launches across the African continent
• Talking to Moneysmart's CEO Tobie van Zyl
• Try it Now: Facebook Rolls out New Photo Viewer
• HUD Google Glasses are real and they have been sighted
• Inside Vodacom's App Store

Comments

• Advertise Here

• Subscribe to Bandwidth Blog

  • Follow @bandwidthblog
  • Bandwidth Blogon

    

• Featured on BWTH Blog

  • Inside Vodacom’s App Store
  • Vodacom Slashes Data Pricing Up To 60% in Latest Promotion
  • Windows Phone 8 Details Revealed in Leaked Video
  • The ‘Agile Working’ Unilever Offices, Switzerland
  • How to setup your US iTunes account and buy vouchers

• Recent Comments

• Recently Most Commented

• Like @bandwidthblog

• Hands on Gadget Reviews

  • HUD Google Glasses are real and they have been sighted
  • Samsung’s Series 5 Ultrabooks in SA soon
  • Lenovo Enters TV Market – Announces Android Powered TV

• Startup Interviews

  • Talking to Moneysmart’s CEO Tobie van Zyl
  • 2oceansvibe Exclusive: Interview with Naspers CEO Koos Bekker
  • The Alan Knott-Craig MXit interview

• Offices Photos of Tech Companies

  • The ‘Agile Working’ Unilever Offices, Switzerland
  • Inside the Design Guru Offices, Cape Town
  • Inside Saatchi & Saatchi Atplay offices, Cape Town

• Lazygamer.net

  • These are the Star Wars 3D Ticket winners you’re looking for…
  • Xbox Live’s General Manager responds to security concerns
  • Has Psychonauts been saved by Minecraft?
  • Editorial: Four irritatingly impossible games that made me put my foot through the TV
  • The Witcher devs think the Xbox pre-played games lock is “a bad thing”

• Search Bandwidth Blog
• 
  
  
  

• Follow @bandwidthblog

• Categories

  • Mac
  • Browser
  • Ecommerce
  • Rumours
  • ADSL
  • Humour
  • Music
  • Communicate
  • Cloud
  • Reviews
  • Group Buying
  • Broadband
  • Acquisitions
  • Enterprise

• Contributors

  • Charl Norman Charl is the founder of Bandwidthblog. Follow him on Twitter @cn
  • Minnaar Pieters @Mpieters - Editor of BandwidthBlog
  • Kelly Levinsohn Online community manager and blogger. Follow me on Twitter @kellylevinsohn
  • Jason Adriaan Owner at builtneat.com, locallist.co.za (partnered with ISLabs) and dutysorter.com.
  • Jess Green Jess is the MD of UbuntuDeal.co.za and believes that wherever we go, the masses will lead us.
  • Mohamed Fayaz Khan Professional engineer by day, and tech junkie by default. Follow me on www.knightlynotes.co.za
  • Albert Cornelissen Editor of ZADroid
  • Simon de la Rouviere Simon is the founder of Tweekly.fm and TwimeMachine.
  • Richard Oakley Full-time geek in the SA media industry
  • Altesh Baijoo (Twitter: @alteshb)
  • Nic Harry Founder of Motribe.com, mobile enthusiast, passionate South African.
  • David Perel @obox
  • Tyler Reed Tech Entrepreneur & Speaker
  • Edwin Watson Social Media Fanatic with a Strong Passion for Technology and the Web.
  • Matthew Hart aspires to create an ARG for the movie he directed, scored and scripted (based on a Novella written by him). @cmyplay
  • kobuse Informatics lecturer specialising in Decision Making. Follow me @kobuse or www.kobusehlers.com