Twitter has acquired 900 patents from IBM today after a deal was made back in December to sell them to the social media giant. The two companies are also entering into cross-licensing deals on various other patents to bring patent infringement squabbles down a notch.
The talks began about a month after IBM accused Twitter of violating 3 of their patents. One was related to advertising, a discovery of contacts and a resource locator. Rather than taking things to court Twitter handled things in a more professional manner and opened up talks to buy patents from IBM. The financial details about the amount paid or the deal brokered has still not been disclosed.
“This acquisition of patents from IBM and licensing agreement provides us with greater intellectual property protection and gives us freedom of action to innovate on behalf of all those who use our service,” said Ben Lee, Legal Director for Twitter.
“We are pleased to reach this agreement with Twitter because it illustrates the value of patented IBM inventions and demonstrates our commitment to licensing access to our broad patent portfolio. We look forward to a productive relationship with Twitter in the future,” said Ken King, General Manager of Intellectual Property for IBM.
I am happy to see them getting along so well with the matter.
Source: Cnet
Img via csmonitor
by Stormy Beach via AndroidSPIN
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