Steve Jobs' Yacht Is Free to Sail After Being Repossessed

Last week we reported that Steve Jobs' yacht, Venus, had been repossessed in the Netherlands at the behest of designer Philippe Starck, who claimed that the Jobs family owed him three million Euros. Classy move, Starck. Well, the yacht is free to sail again.

Le Monde reports that the Jobs and Starck camps have been able to come to an agreement over the money that Starck says he's owned.

"The Venus is not under arrest " , said Gérard Moussault, the Dutch lawyer of the heirs of the founder of Apple : "A solution has been found and a guarantee has been deposited in a bank account so that the boat can leave " said Mr. Moussault, refusing to specify the amount of the guarantee.

You have to love the ambiguity about what exactly Starck will be paid, but what's important is that the boat is free to sail and that Jobs' legacy isn't tied up in a cash grab. [Le Monde]