Monday, October 3, 2011

Mark Zuckerberg, business partners, whose case inspired the film The Social Network say they will accept the offer, 2008

Winklevoss twins, former colleagues and business partners with Facebook founder Mark Zuckerberg, has decided to end its legal battle to whether the idea for the social networking site has been stolen.

The case that launched a thousand cinema trips - after what was the basis for the Hollywood movie The Social Network of 2010 - ended with a whimper rather than an explosion in a warehouse a paragraph in the court of the twins. They said they would give up a trip to the Supreme Court U. S., and accept a 2008 agreement that gave a mixture of cash and $ 20 million shares of Facebook, which at the time worth approximately $ 45 million. Since then, the assumed value of private equity Facebook has increased more than fourfold, from $ 15 billion to 70 billion. Shares of twins is, in theory, more than 150 million.

But another lawsuit against Zuckerberg, Paul Ceglia, a New York-based wood pellet former trader who holds a contract with Mark Zuckerberg, 2003 entitles you to a large part of the company, which began in 2004 continues. Facebook Ceglia called claim of "fraudulent" and said his previous convictions on fraud charges.


Winklevoss twins for some time trying to undo the agreement of 2008, complaining that Facebook left out essential information during the negotiations which means you do not receive by as much as they should. However, the U.S. Ninth Court of Appeals ruled against them, saying he had been represented by a squadron of lawyers in Silicon Valley and his father, a business professor said.

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