Printer Friendly

Yahoo, Facebook agree to form web advertising alliance.

Washington, July 10 ( ANI ): U.S.-based Internet firms Facebook and Yahoo have agreed to settle a patent dispute and are planning to form a web advertising alliance, according to a report.

The companies said they would work together to bring advertisers new ways to promote their products across Yahoo and Facebook's websites.

According to a statement, the settlement includes a cross-license agreement, the Telegraph reports.

Yahoo filed the original patent lawsuit under the leadership of Scott Thompson, who resigned as chief executive officer in May.

In the March lawsuit, Yahoo alleged that Facebook infringes patents covering such functions as internet privacy, advertising and information sharing.

Facebook, the largest social-networking service, countersued in April, accusing Yahoo of infringement.

According to people familiar with the matter, Ross Levinsohn, who stepped in as interim chief executive after Thompson's departure, helped work out the terms, and settled the legal dispute between the two firms.

Sheryl Sandberg, Facebook's chief operating officer, said in the statement that 'we were able to resolve this in a positive manner and look forward to partnering closely with Ross and the leadership at Yahoo.'

"Yahoo's new leaders are driven by a renewed focus on innovation and providing great products to users," Sandberg added. ( ANI )


Copyright 2012 All rights reserved.

Provided by an company
COPYRIGHT 2012 Al Bawaba (Middle East) Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2012 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Asian News International
Date:Jul 10, 2012
Previous Article:Indian taxi driver extradited to Melbourne to face rape charges.
Next Article:Giving asylum to Assange 'could discredit Ecuador in US'.

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters