Facebook and Yahoo Settle Patent Dispute

Monday Jul 9th 2012 by Datamation.com Staff

The two companies have agreed to license each others' patents and to work together on advertising and content distribution projects.

TechWorld: Facebook and Yahoo have settled their patent dispute out of court. As part of the settlement, the two Internet heavyweights agreed to licensing terms, created a new advertising partnership and expanded an existing content distribution agreements.

IDC analyst Karsten Weide described the settlement agreement this way: "Primarily, I think this is Yahoo saying, 'Oops, sorry we bothered you with the patent stuff.' We're going to go home now."

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