[TTJDeals] The Ultra-Premium Mac Bundle

Your take on Getting a SmartWatch?

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(3 years, 1 month ago.)

You May Also Like:

Recent Products

Buy Now | Compare  
Buy Now | Compare  
Buy Now | Compare  
Buy Now | Compare  
Compare  

What Do You Think?

Loading Disqus Comments ...
Loading Facebook Comments ...

FTC Disclosure: Some of the links of this website are "affiliate links." This means if you click on the link and purchase the item, we will receive an affiliate commission.


Recent Search

Recent Tutorials

Not sure if you are aware that your Wi-Fi Router Or Modem could be hacked too. Here we found a quick tips, how to check if your Router or Modem is hacked.
Our today’s tutorial is about how to change Font on Android.
Here is the tutorial about how to setup MMS on Android device.
In this tutorial I will show you how to enable Instant Upload inside your Google+ app on Android, so that you can sync your photos and videos with Google+ instantly.
Here is another tutorial for the Android lovers. I will show you how to change keyboard on Android.
Here is our new android tutorial on how to change the default launcher on Android.
Here is the tutorial about how to setup Internet settings on Android device.
Today, We are going to show you a tutorial on how to disable Geotagging on Android.
here is our new Android tutorial on how to change default music player on android
The tutorial will help you to add multiple Google Account on your Android device.
Close You Have To Login
User:
Pass:
Login With »Login With TwitterLogin With Facebook