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

Mona Networks takes mixed-use retail development mobile

New mobile network connects property management, office workers and retailers

Postmedia names Sid Lee agency of record

Win follows successful "Postmedia Reimagined" campaign

Corus Entertainment revenue up, adjusted earnings flat

Tough national advertising market adds pressure to revenue growth

Shaw profit beats estimates, but revenue doesn’t

Despite solid earnings, Shaw reports a drop in cable and satellite TV subscribers

The YouTubers CMOs need to meet

Four made-in-Canada YouTube channels brands should become acquainted with

Bell and Rogers in disagreement over NHL GamePlus mobile app

Canada's biggest media companies face off over access to NHL content

Fashion Magazine launches awards show

Inaugural event caps off annual World MasterCard Fashion Week

TVB disputes IAB’s ad spend figures

Television marketing body says numbers unfairly include digital spend on traditional media including broadcast and print

Rogers partners with Netflix on original series

Between starts filming in Toronto this fall