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eBay, Skype, IDT, and Net2Phone Settle Lawsuits

Ebay, Skype, IDT Corporation, and Net2Phone have announced that they have reached a settlement of all legal disputes between the companies, including two patent infringement lawsuits pending in an Arkansas U.S. District Court. The dispute goes all the way back to 2006 over a patent involving exchanging IP addresses to establish data links between computers. IDT got the patent when it acquired Net2Phone in 2000; it sued VoIP operator Skype, which means getting eBay involved because it had acquired Skype back in 2005.

The companies have not disclosed financial and other terms of the settlement.

eBay has since sold off a majority share of Skype for $1.9 Billion to a group of investment houses, after admitting it overpaid for the VoIP operator and failed to find meaningful ways to integrate it into its online auction business.

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