Friday, July 6, 2012

Yahoo, Facebook reportedly near patent peace deal




The legal battle between Yahoo and Facebook is moving closer to a more amicable ending.


AllThingsD reported exclusively this morning that the two Silicon Valley giants are hammering out a peace deal that would possibly not only settle up any disputes over their respective patent infringement lawsuits, but also strengthen their partnership through cross-licensing on certain patents and cross-advertising deals.


Yahoo originally filed a lawsuit in March at the U.S. District Court in San Jose, arguing that "Facebook's entire social network model" was based on patented Yahoo technology. Facebook struck back with a countersuit in April over 10 more patents.


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