Facebook Is Said to Buy 750 IBM Patents to Boost Defenses
Posted in: Miscellaneous at 24/03/2012 21:05
Facebook Inc. acquired 750 patents from International Business Machines Corp. (IBM), adding intellectual property that may help it counter allegations of patent infringement, a person with knowledge of the transaction said.
The patents cover various technologies such as software and networking, said the person, who asked not to be identified because the deal hasn't been made public. The acquisition would swell the size of Facebook's portfolio, which includes at least 56 issued patents and 503 filed U.S. patent applications.
Facebook Gobbles Up Patents From I.B.M.
The patent chest held by an old technology giant, I.B.M., is proving to be a good war chest for the new technology giant, Facebook.
A Facebook spokesman confirmed on Thursday afternoon that it had bought a collection of software and networking technology patents from I.B.M. for an unspecified price. Bloomberg reported earlier in the day that Facebook had purchased 750 patents.
Facebook purchases IBM patent following Yahoo dispute
Facebook has confirmed it has bought some of IBM's intellectual property rights.
The social network would not provide further detail, but Bloomberg has reported that the deal involved 750 patents involving software, networking and other technologies.
It said that Facebook previously owned just 56 secured patents.
The move comes less than a fortnight after Yahoo launched a lawsuit against Facebook.