Yahoo Inc. and Facebook Inc., partners before patent litigation soured relations this spring, are back to being partners again.
The two Internet companies announced a settlement of their legal battle Friday, drawing an end to a nasty but ultimately short-lived dispute that had roiled Silicon Valley.
No money changed hands as part of the deal. Instead the companies announced what they called a strategic alliance, which includes a new advertising partnership, expanded distribution arrangements and a patent cross-license. Yahoo and Facebook said they will also work together to bring Yahoo's media event coverage to Facebook users, by collaborating on "social integrations" on the Yahoo site.
A settlement between the two companies had been expected since Ross Levinsohn took over as Yahoo's interim CEO in May.
Yahoo, of Sunnyvale, Calif., sued Facebook in March, alleging that the social site had infringed 10 of its patents related to online social networking and advertising.
The two Internet companies announced a settlement of their legal battle Friday, drawing an end to a nasty but ultimately short-lived dispute that had roiled Silicon Valley.
No money changed hands as part of the deal. Instead the companies announced what they called a strategic alliance, which includes a new advertising partnership, expanded distribution arrangements and a patent cross-license. Yahoo and Facebook said they will also work together to bring Yahoo's media event coverage to Facebook users, by collaborating on "social integrations" on the Yahoo site.
A settlement between the two companies had been expected since Ross Levinsohn took over as Yahoo's interim CEO in May.
Yahoo, of Sunnyvale, Calif., sued Facebook in March, alleging that the social site had infringed 10 of its patents related to online social networking and advertising.
No comments:
Post a Comment