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Facebook, Yahoo Settle Patent Lawsuits, Partner Up: AllThingsD

Friday, July 6, 2012

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Facebook, Yahoo Settle Patent Lawsuits, Partner Up: AllThingsD
Jul 6th 2012, 22:14

SAN FRANCISCO (Reuters) - Facebook Inc and Yahoo Corp have struck a broad advertising partnership as part of a final settlement of dueling patent lawsuits, technology blog AllThingsDigital cited sources close to the pact as saying on Friday. Both boards approved a strategic deal that will encompass joint online advertising sales and cross-licensing of key patents. No money will change hands in the deal to be announced later on Friday, it added. Yahoo sued Facebook in March,...
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