Facebook buys patents from IBM to defend itself

Mar 22, 2012

(AP) -- Facebook has acquired patents from IBM as it girds itself for litigation, including a lawsuit by Yahoo.

A company spokesman on Thursday confirmed the purchase but did not provide details.

Earlier, Bloomberg News said 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 Thursday.

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

IBM declined to comment on the report.

As with many patent suits, the battle between Yahoo and Facebook will likely be resolved in a settlement or licensing deal.

In early February, Facebook filed papers for a planned $5 billion of stock that would be the biggest ever for an Internet company.

The patent claims, however, cast a spotlight on Facebook's vulnerabilities as the company tries to complete an IPO this spring. At the end of 2011, Facebook had just 56 U.S. patents, a relatively small number compared with other big tech companies. Yahoo owns more than 1,000 patents.

Explore further: Android grabs 85% of smartphone market: survey

3 /5 (1 vote)
add to favorites email to friend print save as pdf

Related Stories

Yahoo! pokes Facebook over patents: report

Feb 28, 2012

Yahoo! has accused Facebook of infringing on 10 to 20 patents and warned the social network to pay licensing fees or prepare for a possible lawsuit, the New York Times reported.

Recommended for you

Android grabs 85% of smartphone market: survey

10 hours ago

Smartphones powered by the Android operating system captured 85 percent of the worldwide market in the second quarter, threatening to marginalize rival platforms, a new survey shows.

Chinese man brings gay conversion therapy lawsuit

15 hours ago

(AP)—A gay Chinese man said Thursday he was suing a psychological clinic for carrying out electric shocks intended to turn him straight, as well as the search engine giant Baidu for advertising the center.

Alcatel loss narrows in 2Q but revenue stagnates

16 hours ago

(AP)—Telecommunications equipment company Alcatel-Lucent SA says its net loss narrowed in the second quarter thanks to lower accounting charges, while revenue stagnated and restructuring charges mounted.

User comments : 1

Adjust slider to filter visible comments by rank

Display comments: newest first

ZakirGowani
not rated yet Mar 24, 2012
Yahoo sued Facebook, to which Facebook was puzzled? Oh my, corporations really are people.