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  • casp321 casp321 May 26, 2011 10:59 PM Flag

    Google Buys On2 ceo and bod

    EBay, PayPal sue Google over trade secrets

    Thu May 26, 2011

    The suit said Bedier worked for nine years at PayPal, most recently serving as vice president of platform, mobile and new ventures. He joined Google on Jan. 24.

    http://www.reuters.com/article/2011/05/27/google-paypal-idUSN2626595020110527?feedType=RSS&feedName=technologySector&rpc=43

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    • ON2's president of BOD is in "forensic" business, then how they could not detect or query their own bonuses being paid in January of 27, 2009, while POSSIBLY MF and REUSIG were working on their TERMS and CONDITION of how Google should take ON2 over and HOW MUCH their PAYment for the EFFORT of HANDING ON2 to Google should've been?


      Should the company testing its Videoconferencing product with ON2's VP8 be Skype, then GRANTING ON2's BOD bonuses on Jan 27, 2009 and the RUMOR on Jan 27, 2009 about Google ACQUIRING Skype might be ONE of the MISSING LINKs in the ON2 and Google "merger" SCAM, considering Google Acqisition of GIPS, another Skype partner, in 2010.

      ==================

      http://messages.finance.yahoo.com/Business_%26_Finance/Investments/Stocks_%28A_to_Z%29/Stocks_G/threadview?bn=25263&tid=1378431&mid=1378501


      http://messages.finance.yahoo.com/Business_%26_Finance/Investments/Stocks_%28A_to_Z%29/Stocks_G/threadview?bn=25263&tid=1378120&mid=1378143

      =================

      PayPal Lawsuit Against Google Reveals a Deal Gone Sour
      by: Erick Schonfeld
      May 27, 2011

      The lawsuit reveals that Google was negotiatiating with PayPal for two years to power payments on mobile devices. But just as the deal was about to be signed, Google backed off and instead hired the PayPal executive negotiating the deal—Bedier. The lawsuit lays out the sequence of events:


      By 2010, the executive in charge of the negotiations for PayPal was Osama Bedier. The executive in charge of the negotiations for Google was Andy Rubin. PayPal and Google had a deal finalized and signature-ready on October 26, 2010. By that time, unknown to PayPal, Bedier had just finished a series of job interviews with Google senior executives, culminating with a meeting on October 21 between Bedier, Google Senior Vice President Jonathan Rosenberg, and then-President of Google Larry Page.

      Though Google’s leadership had directed negotiations toward the October 26 finalization months earlier, it now balked when presented with the very deal they had requested. The companies had a term sheet, a two phase roll-out with dates, and all other details nailed down. But, in the interim, Google’s leadership had interviewed Bedier, Rather than inking the October 26 deal, Google instead at the last minute professed a shift in mindset on the entire structure of the deal.

      Bedier was offered a job at Google on October 31. He didn’t take it immediately, but after a few months of back and forth, he finally accepted the job in January, 2011. All of this coincided with Larry Page taking over as CEO, and a shift in Google’s strategy to build instead of partner in mobile payments.


      The lawsuit notes that Bedier knew all of PayPal’s future plans for mobile payments, as well as an internal detailed analysis of Google’s weaknesses in the area. Not only that, it accuses him of storing “confidential eBay information in locations such as his non-PayPal computers, non-PayPal e-mail account, and an account on the remote computing service called ‘DropBox.’”

      What did Bedier do with all of these “trade secrets”? The implication is that he used his knowledge of PayPal’s strategy to craft Google’s mobile wallet strategy (yup, the same one revealed today). He also used that knowledge to sell Google’s mobile wallet to big retailers:


      http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_G/threadview?m=tm&bn=25263&tid=1397325&mid=1397337&tof=2&rt=1&frt=1&off=1


      ====================


      http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_G/threadview?m=tm&bn=25263&tid=1369710&mid=1369710&tof=-1&rt=1&frt=2&off=1

      • 1 Reply to casp321
      • PayPal Lawsuit Against Google Reveals a Deal Gone Sour
        by: Erick Schonfeld
        May 27, 2011

        The lawsuit notes that Bedier knew all of PayPal’s future plans for mobile payments, as well as an internal detailed analysis of Google’s weaknesses in the area. Not only that, it accuses him of storing “confidential eBay information in locations such as his non-PayPal computers, non-PayPal e-mail account, and an account on the remote computing service called ‘DropBox.’”

 
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