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16/05/2013 - Last News Update: 23:37
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Facebook and Yahoo settle patent disputes say reports
Published: 6th Jul 2012 19:57:45
Yahoo and Facebook have settled their patent row, according to reports.
Yahoo sued the social network in March claiming 10 of its intellectual properties had been infringed.
Facebook subsequently bought 750 patents from IBM and counter-sued. It later bought a further 650 patents from Microsoft to strengthen its defence.
According to the tech blog AllThingsD the deal involves both companies licensing innovations from the other.
It said that the firms had also agreed to combine some of their advertising efforts, adding that no money had changed hands.
The Associated Press news agency said one of its sources had confirmed the report.
Source:
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Harvard Citation
BBC News, 2012. Facebook and Yahoo settle patent disputes say reports. [Online] (Updated 06 Jul 2012)Available at: http://www.ukwirednews.com/news.php/1439133-Facebook-and-Yahoo-settle-patent-disputes-say-reports [Accessed 16th May 2013]
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