Friday, March 23, 2012

Facebook reportedly purchases IBM patents

Facebook has acquired patents from IBM as it girds itself for litigation, including a lawsuit by Yahoo, The Australian reported.

A company spokesman is said to have confirmed the purchase but did not provide details.

Earlier, Bloomberg News said Facebook acquired 750 patents covering technologies dealing with software and networking. It cited a person with knowledge of the transaction who was not named in the report.

Last week, Yahoo sued Facebook, saying the social networking giant had infringed on 10 of its patents covering advertising, privacy controls and social networking. Facebook had said it found the action “puzzling” and vowed to defend itself.

IBM declined to comment on the report.

Source: TertOriginial Article

Armenian News

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