Home
Social networking
Social networking News
Facebook, Yahoo! end patent dispute, announce partnership

Facebook, Yahoo! end patent dispute, announce partnership

By Agence France-Presse | Updated: 7 July 2012 10:58 IST

Facebook and Yahoo! announced Friday they were launching an advertising partnership as the two tech giants settled a court dispute over patents.

The deal includes "a patent portfolio cross-license" and will allow the two firms to "work together to bring consumers and advertisers premium media experiences promoted and distributed across both Yahoo! and Facebook," a statement by the companies said.

The deal comes after Yahoo! filed suit against Facebook in March, accusing the social networking giant of infringing on 10 patents.

Facebook responded by accusing Yahoo! of infringing on its patented technology in a broad array of products including online venues for news, games, cars, travel and photo-sharing service Flickr.

The fight between Yahoo! and Facebook heated up in April with the floundering Internet pioneer accusing the social network star of buying patents just to retaliate in court.

But in the peace accord, Yahoo! and Facebook said they would "work together to bring Yahoo!'s large media event coverage to Facebook users by collaborating on social integrations on the Yahoo! site."

"We are excited to develop a deeper partnership with Facebook," said Ross Levinsohn, interim chief executive of Yahoo!.

"We are looking forward to building on the success we have already seen to provide innovative new products and experiences for both consumers and sponsors."

Sheryl Sandberg, Facebook's chief operating officer, said the deal would "provide users with engaging social experiences while creating value for marketers."

The two firms already have a multiyear partnership allowing users to discover and connect news and information on Yahoo! sites and share them with their Facebook friends.

The new agreement deepens the ties between the struggling Internet pioneer and the fast-growing social network.

Comments

For the latest tech news and reviews, follow Gadgets 360 on X, Facebook, WhatsApp, Threads and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel. If you want to know everything about top influencers, follow our in-house Who'sThat360 on Instagram and YouTube.