TV Business Gets Swedish Competition

Read more about “The Venice Project” of Niklas Zennstrom and Janus Friis.

After the duo launched the peer-to-peer phone service Skype in 2003, it seems to be time for something new. Definitely worthwhile to monitor their latest project, since the legal battle about distributing video over the web is on and plenty of competition to crack.

Anyhow, ebay made sure that Zennstrom and Friis are officially not intending to leave Skype or reduce their engagement. Facing the loss of their share of up to $1.5 billion and eBay payments over the next three years might do the rest.