By : Eric Savitz
Source : http://www.forbes.com
Category : Patent Infringement
Yahoo and Facebook are close to reaching a settlement of their patent infringement litigation, All Things D reports, citing “multiple sources close to the situation.”
Yahoo recently filed an infringement action against Facebook, which soon after counter-sued.
The story asserts that terms would include a cross-licensing arrangement and deeper integration of Facebook into Yahoo (and vice versa.) The piece says Facebook could buy some Yahoo patents as part of the deal, but likely would not be willing to shell out cash on the scale of the $550 million the company is paying Microsoft for patents it just acquired from AOL.
In any case, both sides have incentives to reach a settlement: Facebook is badly in need to some good news in the wake of its botched IPO, and Yahoo Acting CEO Ross Levinsohn would no doubt love to add to the recent momentum from the company’s deal to sell at least part of its stake in Alibaba Group.
Source : http://www.forbes.com/sites/ericsavitz/2012/06/04/facebook-yahoo-reportedly-near-deal-to-settle-patent-spat/
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