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Twitter gets 900 patents from IBM, enters cross licensing agreement

Twitter gets 900 patents from IBM, enters cross-licensing agreement 5g4d29

By Agence -Presse | Updated: 1 February 2014 11:28 IST

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Twitter has acquired more than 900 patents from computing giant IBM, ending a dispute between the two companies, a t 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. 4i6z3w

"This acquisition of patents from 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.

(Also see: Twitter accused of patent infringement by IBM ahead of IPO)

Twitter said at the time it believed it had "meritorious defenses" to the allegations.

The agreement comes amid a series of legal disputes involving some of the world's biggest technology firms over patent rights, and a political debate in Washington on patent reform.

Twitter shares rose 1.2 percent to $64.28 in midday trade, while IBM fell 0.55 percent to $176.39.

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