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Facebook reportedly buys IBM patents


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#1 TheSentinel

TheSentinel

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Posted 25 March 2012 - 06:49 PM

QUOTE
Facebook reportedly buys IBM patents
The acquisition could help it shore up defenses against new patent infringement lawsuits
By Nancy Gohring
March 22, 2012 11:01 PM ET
3 Comments

IDG News Service - Facebook has reportedly acquired patents from IBM, a move that could help it shore up defenses against new patent infringement lawsuits ahead of its IPO.

The social networking company confirmed the purchase, and said the patents cover software and networking technologies, The New York Times reported on Thursday. Facebook did not disclose how much it paid for the patents or the patent numbers. Bloomberg reported earlier in the day, citing an unnamed source, that Facebook acquired 750 patents from IBM.

Just last week Yahoo accused Facebook of infringing ten of its patents, in a lawsuit filed in California. Yahoo may have hoped that Facebook would settle quickly, experts said, in order to remove an uncertainty that could negatively impact its public offering. Since Facebook hasn't named the IBM patents, it's unclear if they would help the company in any settlement negotiations.

Read more: http://www.computerw...uys_IBM_patents



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