Following Yahoo’s lawsuit filing against Facebook, the social network is buying hundreds of patents from IBM to build up its intellectual property portfolio, which pales compared with Yahoo’s.
The lawsuit concerns 10 online advertising patents that Yahoo says Facebook has infringed upon. According to Reuters, a “classic defense” for companies facing patent lawsuits is to threaten with countersuits involving their own patents, which could be Facebook’s motivation for the patent purchase.
“The 750 patents from IBM cover a broad range of technology, ranging from search to semiconductors, according to a person familiar with the matter,” the article states.
Facebook is also prepping for its initial public offering that some analysts have suggested could value the company near $100 billion.
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