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Quibi & Eko Finally End Bitter Lawsuit; Latter Gets Much Sought Turnstyle Tech In Settlement

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deadline.com

Quibi may be gone, but the legal battles over the doomed Jeffrey Katzenberg and Meg Whitman run short-form subscription video service continue – until now.A year and a half after Elliott Management-backed interactive-video company Eko accused the about to launch Quibi of stealing the technology behind the much touted Turnstyle feature, the likely exhausted parties have struck a deal.Set to be filed in federal court in the next few days for official confirmation, Quibi corporate successor QBI Holdings, LLC and Eko have agreed to end their lawsuits against each other.

Details of the deal are confidential, but no money changed hands, I hear.At one point in the lawsuits, Eko had been asking for just over $96 million from Quibi.What has changed

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