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Facebook scoop up 750 IBM patents

Facebook by 750 IBM patents, covers mostly networking and software

By Anthony Garreffa on Mar 26, 2012 06:32 am CDT - 0 mins, 39 secs reading time

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.

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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.

Anthony Garreffa

ABOUT THE AUTHOR - Anthony Garreffa

Anthony is a long time PC enthusiast with a passion of hate for games to be built around consoles. With FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with high-end, custom-built PCs. His addiction to GPU technology is unwavering, and with next-gen NVIDIA GPUs about to launch alongside 4K 144Hz HDR G-Sync gaming monitors and BFGDs (65-inch 4K 120Hz HDR G-Sync TVs) there has never been a time to be more excited about technology.

NEWS SOURCE:bloomberg.com

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