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May 27, 2011 06:32 am GMT
Google is making a bold play to enter mobile payments, and PayPal doesn't like it one bit. Shortly after Google announced its new mobile wallet for Android phones today, Paypal filed a lawsuit against Google and two former PayPal executives who now are in charge of mobile payments at Google (Osama Bedier and Stephanie Tilenius). The complaint (embedded below) alleges "misappropriation of trade secrets, and "breach of fiduciary duty." It revolves around Osama Bedier, who was the VP of Platform, Mobile, and New Ventures at PayPal before he was recruited to work at Google by Android chief Andy Rubin, Google co-founder Larry Page, and Bedier's former PayPal colleague Stephanie Tilenius (who now heads up Commerce and Payments at Google, and I interviewed yesterday onstage at Disrupt NYC). 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:
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/FlfMDfs-AqU/
PayPal Lawsuit Against Google Reveals Recruiting Saga And A Deal Gone Sour
Google is making a bold play to enter mobile payments, and PayPal doesn't like it one bit. Shortly after Google announced its new mobile wallet for Android phones today, Paypal filed a lawsuit against Google and two former PayPal executives who now are in charge of mobile payments at Google (Osama Bedier and Stephanie Tilenius). The complaint (embedded below) alleges "misappropriation of trade secrets, and "breach of fiduciary duty." It revolves around Osama Bedier, who was the VP of Platform, Mobile, and New Ventures at PayPal before he was recruited to work at Google by Android chief Andy Rubin, Google co-founder Larry Page, and Bedier's former PayPal colleague Stephanie Tilenius (who now heads up Commerce and Payments at Google, and I interviewed yesterday onstage at Disrupt NYC). 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:Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/FlfMDfs-AqU/
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