March 22, 2012
Yahoo and Facebook are embroiled in the start of what could be a long legal battle over 10 patents Yahoo claims Facebook has violated through its social networking service but now reports are circulating that Facebook may be collecting a patent war chest of its own.
A new report suggests that the world’s largest social network may have acquired 750 patents from computer-systems giant IBM.
According to Bloomberg Businessweek a “person with knowledge of the transaction” revealed the purchase although the companies have not yet went public.
The move will largely be seen as a defensive maneuver as Facebook attempts to fight about against companies with far larger patent stockpiles. For example Microsoft, Apple and even Yahoo have managed to stockpile thousands of patents while Facebook has registered just 56 patents. read more