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Joost jettisons chairman

Investigation launched

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Joost, the struggling web telly firm started by the men behind Skype, has sacked its chairman, Mike Volpi, who was bumped from his position as chief executive at the end of June.

The company is also investigating exactly what he's been up to in the last few months.

The probe is believed to centre on the company's peer-to-peer technology - the same technology used by Skype under license from Joltid - owned by Skype's founders.

Joost told the Times: "Mr Volpi was removed from the board of directors and from his position as chairman of Joost by shareholder vote. The company and its board of directors [are] conducting an investigation into Mr Volpi's actions during his tenure as CEO and as chairman."

eBay, which recently sold Skype at a loss, is going to court next year to settle licensing issues around that same P2P technology.

Joost was started by the Skype founders, Niklas Zennstrom and Janus Friis, in 2007. It began life as a peer-to-peer video service but failed to get content companies on board. Then it moved to offering browser-based video but again failed to find decent content. Most recently it has been offering its services to white label the technology to other firms. ®

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