Confirmed: Facebook buys patents from IBM

Facebook tells us it purchased patents from IBM, corroborating a report from Bloomberg citing anonymous sources.

Facebook did not provide details about the purchase, but according to Bloomberg, the company acquired 750 software and networking patents for an undisclosed sum. The new patents are likely to help Facebook’s position in intellectual property suits that Yahoo and Mitel recently brought against the social network.

IBM’s patents will significantly expand Facebook’s portfolio. According to a regulatory filing, the social network holds 56 patents in the U.S. and 149 abroad, which it estimates to be worth $51 million. Some of these include patents the company bought from Friendster in 2010. Facebook has also filed 503 U.S. patent applications and 149 foreign patent applications.

With an impending initial public offering, the social network is likely to face even more patent claims. The company had 22 patent suits brought against it last year, according to Bloomberg. As such, Facebook added corporate and patent counsel to its job listings this week.

 

Mediabistro Job Fair

Mediabistro Event

Mediabistro Job Fair

Join us on January 27 at the Altman Building in New York City for an incredible opportunity to meet with hiring managers from the top New York media companies, network with other professionals and industry leaders, and land your next job! Register now!

 

Leave a Reply

One Response to “Confirmed: Facebook buys patents from IBM”

  1. Facebook Buys AOL Patents From Microsoft For $550 Million In Cash | ModSession says:

    [...] lawsuits, most notably from Yahoo, over infringement. It now appears to own 1,460 patents (750 from IBM, these 650 from Microsoft/AOL, 60 of its own) plus applications for more, plus any it may be [...]

Get the latest news in your inbox
interested in advertising with inside facebook?

Social Media Jobs
of the Day

Social Media Specialist

Kensington Publishing Corp.
New York, NY

Web & Social Media Analyst

Imagination
Chicago, IL

Interactive Marketing Manager

McMurry/TMG
Phoenix, AZ

Communications Specialist

Humanscale Corporation
New York, NY

Engagement Editor

The Center for Public Integrity
Washington, DC

Featured Company

Join leading companies like this one and recruit from the nation's top media job seekers on the Mediabistro Job Board. Every job post comes with our satisfaction guarantee. Learn More
 

Our Sponsors

Mediabistro A division of Prometheus Global Media home | site map | advertising/sponsorships | careers | contact us | help courses | browse jobs | freelancers | content | member benefits | reprints & permissions terms of use | privacy policy Copyright © 2014 Mediabistro Inc. call (212) 389-2000 or email us