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

Postmedia launches NP product in Ottawa Citizen

Post president calls it a 'dramatic expansion' of the national daily’s brand

A&W gets awkward in new campaign

Spots for Chicken Buddy Burger appeal to young YouTube viewers

Star Wars is the force behind strong Cineplex results

The latest installment in the Star War saga was the theatre's top film last year

Canadians slowly warming to mobile payments (Survey)

Usage is up just 1%, but perceptions about mobile payments improve

Why CMOs get sidelined by their own employers

Forbes Insights and an academic researcher explore the barriers to transformation

The lessons from LinkedIn’s failed ad network

The social media service for professionals is reaching a critical turning point

Photo Gallery: Marketing’s Best of the Year

Agencies, clients, media and tech came together to see who would be chosen

Marketing reveals its ‘Best of the Year’ winners

Have a look at the Marketer, Media Player, Agency and Tech Player of the Year

Media Player of the Year 2015: YouTube

An entertainment empire with a distinct culture and stable of A-list stars