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Facebook purchases IBM patents

Facebook purchases IBM patents

Facebook has confirmed it has bought some of IBM’s intellectual property rights.

The social network would not provide further detail, but Bloomberg has reported that the deal involved 750 patents involving software, networking and other technologies.

It said that Facebook previously owned just 56 secured patents.

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The move comes less than a fortnight after Yahoo launched a lawsuit against Facebook.

The web portal claimed that Mark Zuckerberg’s company’s “entire social network model” was based on its technology, and infringed its rights to innovations involved in messaging, privacy controls, advertising, customisation and social networking.

Read More/Source: BBC News

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