Latest News:  
Beijing   Dust    21 / 12 ℃  City Forecast

Home>>Science

Facebook buys AOL patents from Microsoft

(Xinhua)

11:09, April 24, 2012

SAN FRANCISCO, April 23 (Xinhua) -- Facebook and Microsoft announced on Monday that the social network will pay 550 million U. S. dollars in cash to buy a portion of the patent portfolio the software giant recently acquired from AOL.

According to the two company's joint press release, Facebook will obtain ownership of some 650 AOL patents and patent applications out of 925 that Microsoft has agreed to purchase, plus a license to the remaining 275 AOL patents Microsoft will purchase and own.

"Today's agreement with Microsoft represents an important acquisition for Facebook," said Ted Ullyot, Facebook's general counsel. "This is another significant step in our ongoing process of building an intellectual property portfolio to protect Facebook 's interests over the long term."

"Today's agreement with Facebook enables us to recoup over half our costs while achieving our goals from the AOL auction," said Brad Smith, executive vice president and general counsel at Microsoft.

The deal is expected to give Facebook a stronger position in the technology patent battlefield, where the company had been weak and facing lawsuits, most notably from Yahoo.

Late last month, Facebook was said to purchase 750 patents covering software and networking from IBM, according to a Bloomberg report.

Before this, Facebook had around 56 issued patents of its own and 503 filed U.S. patent applications.

Yahoo sued Facebook over 10 patent infringements in early March, covering Internet privacy, advertising and information sharing. Facebook filed a countersuit against Yahoo on April 3.

Microsoft got the AOL patents in "a competitive auction" on April 9 for 1.056 billion dollars in cash. The patent portfolio spans technologies like advertising, search and social networking.

Email|Print|Comments(Editor:马茜)

Leave your comment0 comments

  1. Name

  

Selections for you


  1. Artists perform Kun Opera at UNESCO headquarters

  2. Tulip festival in Morges, Switzerland

  3. Chinese research vessel starts 26th oceanic expedition

  4. China Int'l Cartoon & Animation Festival in Hangzhou

Most Popular

Opinions

  1. Relations reach new heights
  2. China opposes Philippine school in S. China Sea
  3. Top adviser's visit promotes friendship, cooperation
  4. Where does the world go from here?
  5. Panicky responses to shootings harm students
  6. ChiNext delisting policies ramp up risk for investors
  7. Motives behind Tokyo's claim to buy Diaoyu Islands
  8. Huangyan crisis hints long-term tensions
  9. Arab countries hold mixed feelings towards US
  10. Renminbi's global use growing

What's happening in China

Entering Jiaxi Nature Reserve in Hainan

  1. 2nd Beijing International Film Festival
  2. Chinese migrant workers' wages up 21.2%
  3. Railways ready for upcoming Labor Day holiday
  4. Chinese cities rank in top 20 retail hubs
  5. Pop culture T-shirts under fire

PD Online Data

  1. Spring Festival
  2. Chinese ethnic odyssey
  3. Yangge in Shaanxi
  4. Gaoqiao in Northern China
  5. The drum dance in Ansai