Printed from http://www.electronista.com

Twitter paid $36 million to IBM for 900 patents in January

updated 11:03 am EST, Fri March 7, 2014

Patent purchase to end legal dispute leaves Twitter with 956 patents in total

Twitter paid a hefty sum to acquire a collection of patents from IBM, a Securities and Exchange Commission filing reveals. The January payment, which saw Twitter take ownership of 900 patents, was worth $36 million and also ceased the legal action brought against the micro-blogging firm for alleged patent infringement, though it will certainly not be the last it faces.

Twitter currently owns 956 patents and 100 filed patent applications in the US, according to Bloomberg. Aside from the IBM patent haul, Twitter had only nine patents to its name at the time of its IPO, with the remaining 47 gained through acquisitions of other companies and its own filings since that date.




The now-ended IBM lawsuit covered patents including the "Efficient retrieval of uniform resource locators," a "Method for presenting advertising in an interactive service," and the "Programmatic discovery of common contacts." While Twitter initially claimed to have "meritorious defenses to IBM's allegations," it opted to simply buy the patents rather than put the patents to the test in court.

"We presently are involved in a number of intellectual property lawsuits," states Twitter in the filing, and as its profile increases it expects "the number of patent and other intellectual property claims against us to grow."



By Electronista Staff
Post tools:

TAGS :

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

D-Link Wi-Fi Smart Plug

Home automation fans have been getting their fair share of gadgets and accessories in the last few years. Starting with light bulbs an ...

Razer Kraken Pro headset

Gaming headphones are a challenge to get right, for a long list of reasons that are unique to the consumer buying them. Some shoppers ...

Patriot Aero Wireless Mobile Drive

Regardless of how large a tablet you buy, you always want more space. There's always one more movie or another album you'd cram on, if ...

Sponsor

toggle

Most Commented

 
toggle

Popular News