Ex-Facebook exec, endeavor capitalists miss appeal over secretive Tinder purchase

Ex-Facebook exec, endeavor capitalists miss appeal over secretive Tinder purchase

In 2012, intense opportunity associates offered a software providers also known as Xtreme Labs to Chamath Palihapitiya, a Silicon area buyer and former Twitter administrator. Brendan McDermid/Reuters

An Ontario assess has dismissed appeals by an old myspace exec as well as 2 Toronto venture capitalists to overturn a 2019 choice that discover they owed more than US$15-million in damage and forgotten income into the buyers’ previous companies couples following the purchase of a business that presented an interest in the dating app Tinder.

Justice William Hourigan took the first better legal of Fairness choice other Wednesday, buying that the appellants spend the complete US$29.5-million profit from the deal, plus prices and interest, for the endeavor capitalists just who successfully defeat the attraction. …