WORKING IT OUT: Facebook and Yahoo have settled their months-long patent dispute, averting a potentially lengthy battle over the technology running two of the Internet's most popular destinations.
NEW
DEAL: In dropping the lawsuits, the companies agreed to license their
patents to each other. They also formed an advertising alliance that
expands their existing partnership. No money will exchange hands in the
settlement.
FRIENDS? The
advertising deal could help Yahoo recover some revenue that it has lost
as marketers shift more spending to a larger and more engaged audience
on Facebook's online social network. Facebook, in turn, gets to show ads
tailored to its 900 million users in other heavily trafficked areas
besides its own website.
Resource : Yahoo News
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