Yahoo has demanded licensing fees from Facebook for use of its technology, potentially engulfing social media in the patent battles and lawsuits furious across very of the tech sector.
Yahoo has asserted claims on patents that include the technical mechanisms in Facebook's ads, privacy controls, news feed and messaging service, according to a source briefed on the importance.
Representatives from the two companies met on Monday and the speaks involved 10 to 20 of Yahoo's patents, told a source, who wasn't aware of what specific dollar demands Yahoo might have made for licenses.
Yahoo didn't elaborate in an emailed statement on details of its discussions with Facebook, but indicated it wouldn't flinch at taking the social networking giant to court above its patents.
Yahoo told other companies have already licensed some of the technologies at issue, and that it would act unilaterally whether Facebook refused to pay for a patent license.
"Yahoo has a responsibility to its shareholders, employees and other stakeholders to protect its intellectual ownership," the company told.
The reunion between the two companies was first reported by the New York Times.... Source/Origin >> Read More