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Facebook scoop up 750 IBM patents

Facebook by 750 IBM patents, covers mostly networking and software

| Business, Financial & Legal News | Posted: Mar 26, 2012 11:32 am

Social networking site and the first thing people check when they turn on their mobile devices, Facebook, have reportedly purchased 750 patents from IBM, which they hope will help them battle against potential patent infringement allegations, according to Bloomberg.

 

TweakTown image news/2/3/23190_12_facebook_scoop_up_750_ibm_patents.jpg

 

The patents that Facebook added to their portfolio reportedly cover mostly networking and software, and is a huge increase in their patent portfolio considering they previously had 53 issued patents and 503 files with U.S. Patent applications. Facebook have now paid millions for the patents, where they say the new intellectual property will help them from incoming IP claims, issuing a document on February 1st saying:

 

We may introduce new products, including in areas where we currently do not compete, which could increase our exposure to patent and other intellectual property claims.

NEWS SOURCES:Bloomberg.com

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