Skype CEO Niklas Zennstrom will step down

skype_logoSkype, the internet VOIP phone service, announced that CEO and co-founder Niklas Zennstrom will step down from his role as CEO according to a press release issued by eBay.

He will retain his role as chairman. Skype was purchased by eBay in 2005. Shareholders of Skype were to be paid based on an earn-out agreement. This earn-out agreement was based upon specific active user, revenue and gross profit targets that were to be achieved in 2008 and the first half of 2009.

Rumor has it that eBay is not happy with the current performance of Skype. One such issue was the Skype outage and the poor handling of that.

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