Facebook, Yahoo Make Peace on Patents, Agree to Shared Ad Deals

Yahoo and Facebook have put aside their escalating series of patent lawsuits and agreed to work together on future advertising deals.

The deal was sealed on a Friday morning call, AllThingsD reports, as part of the settlement to the companies' patent dispute.

No money will change hands, reportedly, but the companies will partner up on ad sales as well as cross-licensing of patents.

Yahoo CEO Scott Thompson, who initiated the patent lawsuit in March, stepped down in disgrace over his resume in May. Discussions on resolving the lawsuit started shortly after.

Since 2008, the company has cycled through four CEOs. Some speculate that the open position might be more appealing now t…
Continue reading...

More About: Facebook, patent, Yahoo