Today's Hard|Forum Post
Today's Hard|Forum Post

Friday July 06, 2012

Yahoo, Facebook Settle Patent Lawsuits

It looks as though Yahoo's plan worked. The company filed a patent suit against Facebook and, just a few short months later, they have a patent portfolio cross-license agreement. It's pretty damn bad when you have to sue people to make them do deals with you.

Yahoo! and Facebook today announced that they have entered into definitive agreements that launch a new advertising partnership, extend and expand distribution arrangements, and settle all pending patent claims between the companies. Under the agreements, which include a patent portfolio cross-license, the parties will work together to bring consumers and advertisers premium media experiences promoted and distributed across both Yahoo! and Facebook. Yahoo! and Facebook will also work together to bring Yahoo!'s large media event coverage to Facebook users by collaborating on social integrations on the Yahoo! site.