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Steve Jobs' yacht released following payment dispute

Karen Haslam | Jan. 3, 2013
Both camps have apparently come to an agreement over the money owed and the yacht has now been released

As we wrote on Christmas Eve, Steve Jobs' yacht had been impounded in a dispute between the Jobs family and designer Phillippe Stark.

Stark claimed that Jobs' family owed him an extra 3 million (£2.43m).

Both camps have apparently come to an agreement over the money owed and the yacht has now been released.

Jobs family lawyer Grard Moussault said: "The Venus is not under arrest. A solution has been found and a guarantee has been deposited in a bank account so that the boat can leave," according to a report in French newspaper Le Monde.

Stark was claiming that he should be paid 6% of the cost price of the boat. He says that the boat cost 150 million (£122m), while Jobs family is disputing that, saying it cost 45 million (£35m) less at 105 million (£85m).

 

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