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Friday, March 23, 2012

Facebook Buys 750 Patents From IBM

Earlier this month Yahoo! Inc had filed a legal suit against Facebook for using 10 of their patents. The company even claimed that Facebook is profitable because of Yahoo!’s patents that cover online advertising technology. It seems the social network giant is gearing up to answer back.
Facebook bought 750 patents from International Business Machine (IBM) to strengthen its intellectual property portfolio.
Facebook, IBM, patents, intellectual property

A source on condition of anonymity revealed that these patents cover a broad range of technology, right from search to semiconductors. While it is still unclear how much Facebook paid for the IBM patents, it is a known fact that tech companies have increased their intellectual property prices to build their portfolios.
No one from the companies was available for comment but this news was first reported by Bloomberg.

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