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July 6, 2012 09:53 pm GMT
Facebook and Yahoo are calling off their heated patent lawsuit battle, and in fact have just signed a deal to cross-license their entire patent portfolios to each other without money changing hands, sources directly familiar with the deal tell me. The deal will likely be formally announced later today. Sources also confirmed that the two web giants are entering into an ad sales partnership, as first reported by Kara Swisher of AllThingsD this morning.However, Swisher noted the companies would only cross-license "some key patents", and Facebook might have to pay to license others from Yahoo. The patent deal is actually much larger. It encompasses their entire intellectual property stockpile such that they won't have to pay be able to use each other's patents, and won't be able to sue each other over them either. Investors in both companies should rest easy.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/7_CSzBytWjs/
Yahoo and Facebook Bury The Hatchet, Sign Deal To Cross-License Their Entire Patent Portfolios
Facebook and Yahoo are calling off their heated patent lawsuit battle, and in fact have just signed a deal to cross-license their entire patent portfolios to each other without money changing hands, sources directly familiar with the deal tell me. The deal will likely be formally announced later today. Sources also confirmed that the two web giants are entering into an ad sales partnership, as first reported by Kara Swisher of AllThingsD this morning.However, Swisher noted the companies would only cross-license "some key patents", and Facebook might have to pay to license others from Yahoo. The patent deal is actually much larger. It encompasses their entire intellectual property stockpile such that they won't have to pay be able to use each other's patents, and won't be able to sue each other over them either. Investors in both companies should rest easy.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/7_CSzBytWjs/
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