Twitter Buys Patents from, Signs Deal With IBM
Jan 31, 2014, 9:33 AM by Eric M. Zeman
Twitter has purchased approximately 900 patents from IBM, and has also signed a patent-licensing agreement with the company. IBM accused Twitter last year of infringing on three IBM-held patents. The purchase and cross-licensing agreement are meant to help protect Twitter from patent-related lawsuits down the road. The companies did not immediately place a value on the pact.
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