Feeds

Joost UK goes titsup

Web telly firm jettisons office furniture

Top three mobile application threats

Joost, the web telly firm founded by the blokes behind Skype, has liquidated its UK subsidiary.

As reported by The FT and TechCrunch Europe, Joost UK was put into liquidation earlier this month, yet another step in the slow decline of the Netherlands-based outfit.

This summer, unable to hook up with the world's big-name media companies, Joost bumped CEO Mike Volpi from his post and rejigged its business model. Then, in mid-September, it booted Volpi from his post as chairman, before suing him amidst allegations of leaked trade secrets.

Famously, Joost was founded by Niklas Zennstrom and Janus Friis, the dudes behind the peer-to-peer file sharing service Kazaa and the (semi-)eBay-owned VoIP service Skype. As they juggle lawsuits against both Volpi and ebay, the two are now setting up a music subscription service dubbed Rdio.

One can only imagine what legal fun this venture will bring.

Joost retains operations in the Netherlands and New York, but on October 2, the company called for an end to its UK arm. Liquidators tell The FT that Joost retains a skeleton staff. But TechCrunch says the company's furniture is already in the hands of another startup. ®

The Essential Guide to IT Transformation

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
Airbus promises Wi-Fi – yay – and 3D movies (meh) in new A330
If the person in front reclines their seat, this could get interesting
UK Parliament rubber-stamps EMERGENCY data grab 'n' keep bill
Just 49 MPs oppose Drip's rushed timetable
ITC: Seagate and LSI can infringe Realtek patents because Realtek isn't in the US
Land of the (get off scot) free, when it's a foreign owner
Samsung threatens to cut ties with supplier over child labour allegations
Vows to uphold 'zero tolerance' policy on underage workers
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
prev story

Whitepapers

Seven Steps to Software Security
Seven practical steps you can begin to take today to secure your applications and prevent the damages a successful cyber-attack can cause.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.