After falling out over a fake cover and threatening each other with legal actions, radio DJ and Entrepreneur DJ Sbu real name Sibusiso Leope and Forbes Africa have made peace.
This is according to the joint statement released by the two parties, earlier today.
The rebel DJ is officially off the hook and no further action will be taken against him, the publication said.
“The pending issue of trademark infringement and misrepresentation between Forbes Africa and Mr Leope has attained closure and has been resolved amicably,” the magazine said in a statement.
In terms of the agreement, Leope will remove the image of himself holding a can of his energy drink from all of his social media networks.
While the magazine acknowledged that Leope did not create the image, it said it was misleading as it didn’t contain a disclaimer.
“Our fundamental contention is the image endorsed by him on social media is the unlicensed use of Forbes Africa’s exclusive intellectual property rights. Further, the image is misleading and represents an affiliation that does not exist and has not been approved by Forbes Africa.”
“Mr Leope has duly acknowledged our concerns and has agreed to take down the image from his social media networks. It is also important to note that Mr Leope has made it clear that it was not his intention to mislead our readers,” the statement read.
The publication had earlier this week considered taking legal action against Leope for the trademark infringement.
Looks like our main man DJ Sbu plead the fifth after Guerilla marketing the hell out of his MoFaya.
Photo creit: Djsbu online.