website statistics

What is the next Gadget you want?

View Results

Loading ... Loading ...
1 Star2 Stars3 Stars4 Stars5 Stars (Rate This)
Loading ... Loading ...

Facebook is gearing up to go public next month, and is trying to bring together all the things it can to help it in that. Now, the social network has struck a deal with Microsoft to buy 650 AOL patents for a massive $550 million. The patents, naturally, are meant to make Facebook secure and enable it to be protected from any prospective litigation once it goes public.


Facebook is already being sued by Yahoo for alleged infringement. Facebook, on the other hand, totally rejects the allegations and is, in fact, countersuing Yahoo. However, the social networks seems to have learnt that it needs more intellectual property with it just to be on the safe side. So, last month it struck a deal with IBM under which it will be purchasing 750 of IBM’s patents and now, it is purchasing AOL patents from Microsoft for a huge $550 million.

According to the executive vice president and general counsel Microsoft, Brad Smith, ‘Today’s agreement with Facebook enables us to recoup over half of our costs while achieving our goals from the AOL auction. We had submitted the winning AOL bid in order to obtain a durable license to the full AOL portfolio and ownership of certain patents that complement our existing portfolio. We never felt it was necessary or even important for us to own all the patents.’

Facebook folks, on the other hand, were equally happy over the deal. According to the general counsel for Facebook, ‘This is another significant step in our ongoing process of building an intellectual property portfolio to protect Facebook’s interests over the long term.’

So far, Microsoft and Facebook have been on a fairly good relationship and have been working together. Let’s just hope that at least these two don’t get embroiled in mutual suing game.

Buy Cheapest Related Product From Amazon.com


Innovative Wind Turbine Generates Clean Water From Desert Air

Analyst Says Apple May Launch MacBook Hybrid Models This Year
You can also press the left/right arrow key on your keyboard to go to previous/next post
  On April 24, 2012(1 year, 12 months ago.)

Recent Search

Recent Tutorials

At the beginning level, many people don't know how to use Gmail properly. For them, a here's a helpful guideline.
Skype now allows you to call directly from your Outlook account. Find the step-by-step installation process from this tutorial.
This tutorial helps you quickly resolve four of the most common problems that occur with Windows XP.
After releasing Look Back, many people didn't like it. So Facebook planned to add an Edit tool to the feature and now you can edit your Facebook Look Back video.
Do you want to record Skype calls but don't know how to do that? Then this guide is absolutely for you. Get inside the article for details.
Do you know that many companies can track you on Facebook? Do you want to know who they are? Do you want to block them?
So you've been planning on replacing your old hard drive with the new drive? This tutorial helps you with a few simple steps.
Bitcoin is a digital currency that has gained extraordinary momentum in the last few months. This tutorial helps you get started with the basics.
Android lockscreen can be secured in a number of ways, some of which are described in this brief tutorial.
This review of iSkysoft Video Converter tells you everything you want to know about this Win 8/7 compatible video/DVD tool. Check the below to learn more details.
Close You Have To Login
User:
Pass:
Login With »Login With TwitterLogin With Facebook