Confirmed: Facebook Buys 750 IBM Patents For Defense
Facebook is purchasing 750 patents from IBM in order to bolster defenses against patent infringement suits, especially the one filed by Yahoo.
Facebook is purchasing 750 patents from IBM in order to bolster defenses against patent infringement suits, especially the one filed by Yahoo.
Bloomberg first reported about the pending transaction, citing an anonymous source with knowledge of the situation.
Not including this reported transaction, Facebook has 56 U.S. patents and has applied for another 503 of them; 33 corresponding patents are held in foreign countries, with 159 applications also pending.
Last year, the company faced 22 patent infringement lawsuits, according to Legal Metric.
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