Confirmed: Facebook buys patents from IBM
Facebook tells us it purchased patents from IBM, corroborating a report from Bloomberg citing anonymous sources.
Facebook did not provide details about the purchase, but according to Bloomberg, the company acquired 750 software and networking patents for an undisclosed sum. The new patents are likely to help Facebook’s position in intellectual property suits that Yahoo and Mitel recently brought against the social network.
IBM’s patents will significantly expand Facebook’s portfolio. According to a regulatory filing, the social network holds 56 patents in the U.S.
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