Facebook buys 750 Patent from IBM
The word largest social networking site is struggling with some attacks .As the number of claim increasing with facebook daily. To strengthen against these issues facebook has bought a portfolio of 750 technology patents from IBM to solve the allegation of intellectual property infringement .
This deal will significantly increase the facebook portfolio , which include 56 patent and 503 application Issues. As per sources the patent will cover various technology including software and networking. As its comes under attack of yahoo for wide ranging patent infringement claim this month. Yahoo claims on facebook that they are infringing its patent of advertising online , privacy controls news, feeds and messaging services .Facebook has already acquired patent from other holders, like site friendster and HP as per US patent and trademark office.
As facebook and IBM both are declining to comment on deal.
As per Erin-Michael Gill of MDB Capital Group , the IBM deal will help to assuage concerns that the company lacks the intellectual property it needs. In the documentation filled with regulators in preparation of its forth coming market floatation . Facebook admitted that they are likely to face more legal attacks . “We expect the number of patent and other intellectual property claims against us to grow,” it said.
In coming time we will introduce new product and services including area where we are currently not complete as we should . Which will increase our exposure to patent and other intellectual property claim
IBM has emphasized its intellectual property portfolio . As we can see it alone granted 6000 new patent last year along . As well as facebook it recently sold patent to google . Google is also chasing the legal attack particularly in the case of its Android mobile operating system.