Twitter gets 900 patents, ends dispute with IBM
The statement said the two firms entered into a patent cross-license agreement as part of a deal giving the patents to the messaging platform.
"This acquisition of patents from IBM and the licensing agreement provides us with greater intellectual property protection and gives us freedom of action to innovate on behalf of all those who use our service," said Ben Lee, legal director for Twitter.
IBM's Ken King said: "The agreement illustrates the value of patented IBM inventions and demonstrates our commitment to licensing access to our broad patent portfolio."
Last year, as Twitter was preparing its anticipated public offering, it revealed that IBM was alleging that the micro-blogging service infringed on IBM patents.
Twitter said at the time it believed it had "meritorious defences" to the allegations.
The agreement comes amid a series of legal disputes involving some of the world's biggest technology firms over patent rights, along with a political debate in Washington on patent reform.
Source: AFP via I-Net Bridge
Source: I-Net Bridge
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