Yahoo Vs Facebook
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Top execs at Yahoo and Facebook have been hammering out the outlines of a deal over the last several days to end their contentious patent infringement litigation , according to multiple sources close to the situation. While that could change, sources said a settlement could happen in the coming weeks and that the advanced negotiations will put aside the lawsuits and counterclaims between the one-time close partners and return them back to what could be an even closer relationship.
Executives at Yahoo and Facebook have completed an extensive strategic deal, as part of a final settlement of their contentious patent infringement lawsuit and countersuit .
Justin Sullivan/Getty Images Yahoo’s retro-style billboard was taken down in December after 12 years of greeting visitors to San Francisco. As Yahoo struggles to keep up with younger competitors, the Web portal company is weighing a new tactic: threatening legal action over its patent holdings.
When news broke this week that Yahoo is accusing Facebook of violating as many as 20 of its patents , it took quite a few people by surprise — but at least one patent expert saw it all coming from a mile away.
After years of positive relations, friendly blog posts, and referral traffic, Yahoo may have just been biding its time waiting to declare war on Facebook.
In what is either the boldest gamble of its history or the most boneheaded, Yahoo has filed a massive patent infringement lawsuit against Facebook.
Yes, Yahoo (NSDQ: YHOO) went there today — claiming in a lawsuit that it, not Facebook, is the real king of social networks. The company points to ten patents that it says cover features like messages, advertising and privacy settings. We’ve provided here abstracts of those patents for your reading pleasure.
Yahoo reared its patent troll head this week, and it’s not just Facebook that has reason to be worried — at least, judging by the extremely broad features that it’s being targeted for.
On the sixth page of its just-filed patent lawsuit against Facebook, Yahoo quotes the social networking company’s CEO and co-founder Mark Zuckerberg:
The patents that Yahoo! is suing Facebook over are a crock of shit. None of them represent unique and new ideas at the time of the filing.
By Sarah Lacy On March 12, 2012
<img class="aligncenter size-full wp-image-48252" title="patentlie_chart" src="http://www.wired.com/images_blogs/business/2012/03/patentlie_chart.jpg" alt="" width="660" height="408" /> While most of the tech world was partying at South by Southwest in Austin yesterday, Yahoo announced it was filing a lawsuit against Facebook for allegedly infringing on 10 patents from their 1,000+ patent warehouse . I’m no fan of Facebook, but this is a deplorable move. It’s nothing less than extortion, expertly timed during the SEC-mandated quiet period before Facebook’s IPO .
Law360 is reporting a source has told them that the lot of 750 patents Facebook is buying from IBM "were licensed to Yahoo."
Like many in tech, I believe all software patents should be abolished . That said, I think Facebook made the right move by filing a lawsuit against Yahoo’s patent attack. As I see it, Facebook had 4 choices: