EBay, the online auction site, and Tumbleweed Communications have agreed to settle the patent lawsuit initially filed by Tumbleweed against PayPal and eBay on May 7, 2002 and September 5, 2002 respectively. The companies agreed to dismiss the pending lawsuit, including PayPal’s counterclaims, and have entered into a patent cross-licensing agreement, the terms of which have not been disclosed. ‘We are pleased to be able to put our differences behind us,’ said Jeffrey Smith, Tumbleweed’s CEO and Chairman. ‘Our bigger opportunity is to work cooperatively with eBay in combating e-commerce fraud,’ he added.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.