
Facebook acquires patents from IBM

Facebook acquired 750 patents from IBM, adding intellectual property that may help it counter allegations of patent infringement, a person with knowledge of the transaction told Bloomberg. The patents cover various technologies such as software and networking. Yahoo! sued Facebook earlier this month, accusing it of infringing patents covering critical website functions. Facebook may have paid "hundreds of millions of dollars" for the IBM patents, said Erin-Michael Gill, an intellectual property analyst at MDB Capital Group. Facebook declined to comment.
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