November 4, 2013 07:32 pm GMT
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/j6XLDS8pTF0/
IBM Claims Twitter Infringes On At Least 3 Of Its Patents, According To Twitter's Latest S-1 Update
As Twitter embarks on its initial public offering roadshow, the company has issued another update to its S-1 today with a bit of a curveball: the company recently has been issued with a letter from IBM alleging that Twitter infringes on "at least three U.S. patents" held by IBM, "inviting us to negotiate a business resolution of the allegations." The disclosure comes at the same time that Twitter has also raised its IPO estimate to $23-25 per share, up from the previous $17-20 -- a sign of Twitter's confidence that despite details like the IBM note, it's expecting a strong turnout when it lists.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/j6XLDS8pTF0/
Share this article:
Tweet
View Full Article
Techcrunch
TechCrunch is a leading technology blog, dedicated to obsessively profiling startups, reviewing new Internet products, and breaking tech news.More About this Source Visit Techcrunch