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Winklevoss Twins Abandon Facebook Lawsuit Against Mark Zuckerberg

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Jun. 23 2011, Published 5:15 a.m. ET

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By Cliff Renfrew - Staff Reporter

The Winklevoss twins have officially ended their battle with Facebook creator Mark Zuckerberg, can reveal.

The dispute - which was dramatized in the award winning movie The Social Network – looked destined to go to the US Supreme Court.

They reached a $65 million settlement in 2008 after they claimed Zuckerberg, 27, stole their original idea for the mega-successful networking site.

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But in January 2011 the twins, Cameron and Tyler, (both 29) tried to re-open the case, claiming that they should have received more for their appointed stock than the $45 per share they originally agreed on.

They wanted to undo the agreement of $20 million in cash and $45 million in stock – now worth an estimated $100 million – but a US court ruled in April that they could not go back on the deal.

Zuckerberg’s Harvard University foes offered no statement as to what reasons were behind them finally abandoning their suit against the billionaire.

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The twins – who rowed together in the 2008 Beijing Olympics – originally created HarvardConnection and later ConnectU with fellow student Divya Narenda and claimed that Zuckerberg, who they employed to help develop their sites, stole their concepts to create Facebook.


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