Twins Winklevoss gives up lawsuit against Facebook founder

After careful consideration, Winklevoss twins Cameron and Tyler have decided not to seek Supreme Court review about their $65 million settlement with Facebook Inc.

It was really a long battle between Winklevoss twins and Facebook Inc's founder Mark Zuckerberg. In 2004, the Winklevoss twins filed a lawsuit against Facebook. It said that Mark had stolen their idea leading to the creation of the world's most popular social networking website.

Since then, the lawsuit has continued. In February 2008, an accord was reached to solve this feud. The settlement agreement was valued at $65 million.

However, after accepting the cash-and-stock accord, the Winklevoss twins wanted to reverse it. They declared that they deserved more money because Facebook hid information from them.

Before long, the twins planned to appeal an April 11 ruling by a federal appeals court in San Francisco. But later the twins decided to drop this appeal. They didn't give a reason for their new decision, but said it was made after careful consideration.

Facebook said in a statement: We've considered this case closed for a long time, and we're pleased to see the other party now agrees.