Winklevoss twins drop case against Facebook

The Harvard University classmates of Facebook founder Mark Zuckerberg are ending the legal battle made famous by the Hollywood movie 'The Social Network'.

In a one-paragraph court filing, Cameron and Tyler Winklevoss said they would accept a settlement that was worth $65m (€45.86m) when agreed in 2008.

The twins had sought to undo the settlement of €20m (€14.11m) cash and $45m (€31.75m) 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 have now said they will forego a trip to the US Supreme Court. Their stock is now worth more than $100m (€70.55m).