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Twitter gets 900 patents, ends dispute with IBM

Published on Feb 1, 2014 6:46 AM
 
The Twitter symbol is displayed at the post where the stock is traded on the floor of the New York Stock Exchange on Nov 15, 2013. Twitter has acquired more than 900 patents from computing giant IBM, ending a dispute between the two companies, a joint announcement said Friday. -- FILE PHOTO: REUTERS

NEW YORK (AFP) - Twitter has acquired more than 900 patents from computing giant IBM, ending a dispute between the two companies, a joint announcement said Friday.

The statement said the two firms entered into a patent cross-license agreement as part of a deal giving the patents to the messaging platform.

"This acquisition of patents from IBM and licensing agreement provides us with greater intellectual property protection and gives us freedom of action to innovate on behalf of all those who use our service," said Mr Ben Lee, legal director for Twitter.

IBM's Ken King said the agreement "illustrates the value of patented IBM inventions and demonstrates our commitment to licensing access to our broad patent portfolio". Last year, as Twitter was preparing its anticipated public offering, it revealed that IBM was alleging that the micro-blogging service infringed on IBM patents.

 
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