March 27, 2006
Is eBay's Skype Buy doomed?
Not exactly, but this news is sure to ruffle some feathers at eBay. Om Malik writes about a scoop by Andy Abramson who has found that Streamcast is suing its rival Skype for alleged RICO violations. RICO stands for Racketeer Influenced and Corrupt Organizations Act. Why and how? It is still not clear.
StreamCast is credited with the development of the Peer to Peer Technology called Morpheus. Streamcast alleges that Skype is involved in corrupt business practices. We gad heard about tech companies suing each other over IP issues but this is a new one. Stay tuned for further developments in this matter. We will keep you posted.
By the way, the folks over at eBay would be worrying. Just when they had started to monetize their $4 billion (and change) …
Via GigaOm
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