AT&T sued for pilfering news-streaming technology
My24hournews.com says AT&T backed out $100 million deal.
My24hournews.com filed suit against AT&T for skipping out on a $100 million deal to use the former company's news-streaming technology and hampering that's company's launch.
According to a Bloomberg report, My24hournews.com says that AT&T backed out of a $100 million investment in the streaming company. Yet the telecom/pay TV goliath still used My24hournews.com's streaming technology.
My24hournews.com states that it invented a system to stream news to computers and mobile devices. It's that tech that it says AT&T is using without living up to an earlier deal.
AT&T for its part said that the suit lacks merit and that this is the third time My24hournews.com has filed essentially the same suit against them.
