Twitter paid $36 million for IBM patents to avoid a lawsuit

(Credit: James Martin/CNET)

Twitter paid a somewhat hefty sum for a team of patents acquired from IBM, a Securities and Exchange Payment filing programs.

Twitter paid $36 million to get 956 patents and 100 patent applications from IBM, baseding on a declaring released the other day by the federal government firm. IBM announced the contract between the business in January, though the deal really finished in December.

In 2012, IBM was banging the drums of possible patent-infringement versus Twitter, claiming that the firm’s solution might have gone against 3 patents it had related to advertising, “resource locators,” and revelation of contacts. As opposed to take the case to court, Twitter purchased the patents from IBM and entered into a cross-licensing bargain.

(Via Bloomberg)

Post Comment

Visit Us On TwitterVisit Us On FacebookVisit Us On Pinterest