Former friends of Facebook boss ‘can’t change deal’

A US federal appeals court has ruled that former Harvard University friends of Facebook founder Mark Zuckerberg cannot undo their settlement over creation of the social networking site.

The 9th US Circuit Court of Appeals in San Francisco said Tyler and Cameron Winklevoss were savvy enough to understand what they were agreeing to when they signed the agreement in 2008.

The deal called for a $20m (€13.8m) cash payment and partial ownership of Facebook.