Facebook buys 750 patents from IBM

Company boosts its patent portfolio in the wake of Yahoo! suit

Facebook was recently hit with a lawsuit from Yahoo! that put its patent portfolio in serious danger. Yahoo! claimed the social network infringed 10 of its patents, which, as Facebook only owned 56 patents as of the end of 2011, amounted to almost 20 percent of its total portfolio. That is, until now.

Bloomberg reported Thursday that Facebook purchased 750 patents from International Business Machines Corp. (IBM) for a variety of technologies including networking, search and software. It’s still unknown how much Facebook paid for the patents, but experts estimates are in the hundreds of millions of dollars.

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