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$100 million enough for Winklevoss twins

Winklevoss twins

Cameron and Tyler Winklevoss are ending their legal battle against Facebook founder Mark Zuckerberg. Picture: AFP Source: AFP

THE Harvard University classmates of Facebook founder Mark Zuckerberg are ending the legal battle made famous in a Hollywood movie about the social networking site.

In a one-paragraph court filing today, Cameron and Tyler Winklevoss said they would accept a settlement that was worth $US65 million when agreed upon in 2008.

The twins had sought to undo the settlement of $US20 million cash and $US45 million in stock.

The 9th US Circuit Court of Appeals ruled against the twins, saying they had been represented by a squadron of Silicon Valley lawyers and their father, a noted business professor.

The twins said today they would forgo a trip to the US Supreme Court.

Their stock is now worth more than $US100 million ($95.03 million).

Source: http://www.news.com.au/technology/million-enough-for-winklevoss-twins/story-e6frfro0-1226080580113?from=public_rss

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