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eBay, Skype, IDT and Net2Phone Settle Litigation

eBay Inc., Skype, Inc., Skype Technologies SA, Skype Communications,
S.A.R.L., IDT Corporation, Net2Phone, Inc., IDT Telecom, Inc., and Union
Telecard Alliance, LLC, have settled all outstanding disputes among the
parties, including two patent infringement lawsuits pending in the
United States District Court for the Western District of Arkansas.

Financial and further terms of the settlement are confidential and were
not disclosed.

About Skype:

Skype is software that enables the world’s conversations. Millions of
individuals and businesses use Skype to make free video and voice calls,
send instant messages and share files with other Skype users. Everyday,
people everywhere also use Skype to make low-cost calls to landlines and
mobiles. Download Skype to your computer or mobile phone at

About eBay:

Founded in 1995 in San Jose, Calif., eBay Inc. (EBAY) connects millions
of buyers and sellers globally on a daily basis through eBay, the
world’s largest online marketplace, and PayPal, which enables
individuals and businesses to securely, easily and quickly send and
receive online payments. We also reach millions through specialized
marketplaces such as StubHub, the world’s largest ticket marketplace,
and eBay Classifieds sites, which together have a presence in more than
1,000 cities around the world. For more information about the company
and our global portfolio of online brands, visit

About IDT Corporation:

is a consumer services company with operations primarily in the
telecommunications and energy industries. IDT Corporation’s Class B
Common Stock and Common Stock trade on the New York Stock Exchange under
the ticker symbols IDT and IDT.C, respectively.

Media Relations:
eBay Inc.
Kathy Chui, 408-218-9257
Bill Ulrey, 973-438-3838