As part of the settlement, Skype's founders will be given a 10 percent share of the new Skype and pay $83 million for anouther 4 percent. They will also be given two seats on the board.

Ebay's share will now be 30 percent and the consortium of buyers will own 56 percent of the company. The diputed intelectual property that was at the heart of the lawsuit will be tranfered from Joltid over to Skype.

“Skype will be well positioned to move forward under new owners with ownership and control over its core technology,” said John J. Donahoe, eBay’s chief executive, in the statement. “At the same time, eBay continues to retain a significant stake in Skype and will benefit from its continued growth. We look forward to closing the deal and focusing on growing our core e-commerce and payments businesses.”

Index Ventures, which had played a critical role in organizing the buyout bid for the calling service, and whose role was central in the litigation spawned by the sale, has left the deal altogether. In a statement announcing the deal, Danny Rimer, a partner at Index, said that “the deal terms changed for Index such that it no longer matches our investment criteria, and thus we have decided not to participate in the transaction.”

The deal is expected to close by the end of the year.

“Everything is settled and aligned,” said Marc Andreessen, partner at Andreessen Horowitz, which contributed $50 million to the buyout. “There’s been a lot of drama but fundamentally it is still a good deal.”