Twitter buys 900 patents from IBM to protect IP

Twitter says it has bought 900 patents from IBM and that the companies have entered into a cross-license agreement. Financial terms weren’t disclosed. Ben Lee, the short messaging service’s legal director, says the deal provides Twitter with greater intellectual property protection and freedom to innovate. Twitter said in a November regulatory filing that it received […]

Twitter says it has bought 900 patents from IBM and that the companies have entered into a cross-license agreement.

Financial terms weren’t disclosed.

Ben Lee, the short messaging service’s legal director, says the deal provides Twitter with greater intellectual property protection and freedom to innovate.

Twitter said in a November regulatory filing that it received a letter from IBM accusing it of infringing on three of its patents. The letter asked Twitter to take part in settlement negotiations, but Twitter said at that time that it believed it could defend itself against the allegations.

As a relatively new company. San Francisco-based Twitter Inc. holds just a handful of patents. Meanwhile, Armonk, N.Y.-based IBM Corp. holds more than 41,000 and received a total of 6,809 last year.

Media Articles

Remembering Suzanne Raitt

The industry shares fond memories of Newspapers Canada's VP and CMO

On The Move: Changes at FCB, eBay, Defy and Hill + Knowlton

A weekly recap of who's headed where in Canadian marketing and communications

Ex-CEO of Accuen joins Kik Interactive

Global ad executive will work to build partner ecosystem around social network

Google looks to make YouTube more shoppable on mobile

Viewers will be able to browse products, link directly to retailer's sites from within ad video

Sprint hires Kevin Crull as CMO

Former president of Bell Media to oversee advertising and social media efforts

4 ways to get the media coverage you want

Industry experts share their tips of the trade

Spotify expands lineup to include video, podcasts, radio

Move suggests steaming service looking to cash in on digital video advertising: analyst

Discover Media takes ‘channel-agnostic’ to new heights

Play Taxi alum says new platform centralizes buying across every media channel