facebook beefs up patent arsenal ahead of ipo
Last Updated : GMT 22:42:39
Arab Today, arab today
Arab Today, arab today

$550 million deal to get hundreds of AOL patents

Facebook beefs up patent arsenal ahead of IPO

Arab Today, arab today

Arab Today, arab today Facebook beefs up patent arsenal ahead of IPO

A collage of profile pictures makes up a wall in the break room at the new Facebook Data Center
San Francisco - AFP

A collage of profile pictures makes up a wall in the break room at the new Facebook Data Center Facebook struck a $550 million deal to get its hands on hundreds of AOL patents from Microsoft as the social network hardened its defenses before it goes public on the Nasdaq .
Facebook will pick up around 650 of the 925 patents Microsoft bought earlier this month in an auction from AOL in a nearly $1.1 billion deal, Facebook and Microsoft said in a statement on Monday.
Facebook\'s general counsel called the move \"another significant step in our ongoing process of building an intellectual property portfolio to protect Facebook\'s interests over the long term.\"
\"Today\'s agreement with Facebook enables us to recoup over half of our costs while achieving our goals from the AOL auction,\" added Microsoft Executive Vice President Brad Smith.
Facebook also arranged to license the remaining 275 remaining patents or applications in the portfolio being bought by Microsoft, which gets the right to use the patented technology going to the California-based social network.
\"Today\'s agreement with Microsoft represents an important acquisition for Facebook,\" said the social network\'s general counsel Ted Ullyot.
While the companies did not disclose specifics on the patents, AOL\'s trove of intellectual property is believed to include technology for messaging, search, imaging, and Internet telephony.
The patent deal enhances a longtime relationship between Facebook and Microsoft that has them apparently acting as allies against a common rival -- Google.
Microsoft owns a small stake in Facebook, which is expected to go public next month in a much-anticipated stock market debut.
The company will trade on the technology-heavy Nasdaq exchange under the symbol \"FB,\" it said in a filing with US regulators.
Facebook could raise as much as $10 billion in the largest flotation ever by an Internet company on Wall Street.
The paperwork filed for the initial public offering provided the first glimpse of the financial details of the web giant launched eight years ago by Mark Zuckerberg from his Harvard University dorm room.
Facebook amended its filing on Monday to report quarterly profit slipped to $205 million despite a surge in revenue as it bumped up research and promotion expenses ahead of its stock market debut.
Facebook has also been incurring the cost of shifting operations to a former Sun Microsystems campus in the California city of Menlo Park.
Facebook said that net income in the quarter ended March 31 dipped from the $233 million logged in the same period last year despite revenue vaulting to $1.06 billion.
While revenue improved year-on-year, it was down about six percent from the prior quarter.
Revenue nearly doubled to $3.7 billion in 2011, with most of it coming from targeted advertising gleaned from personal information shared by the hundreds of millions of users of the platform.
Facebook --- the leading social network in all but six countries, notably China and Russia --- has been valued between $75 billion and $100 billion.
Facebook recently filed with the US Securities and Exchange Commission to warn potential investors that patent litigation being pursued by Yahoo! could deliver a significant blow to its business.
Facebook fired back at Yahoo! with a countersuit charging that the floundering Internet pioneer is violating the social network\'s patents -- and not the other way around.
The move came after Yahoo! filed suit against Facebook in a California court last month accusing the social networking giant of infringing on 10 patents in several areas including advertising, privacy and messaging.
Sunnyvale, California-based Yahoo! asked the court to order Facebook to halt its alleged patent-infringing activities and to assess unspecified damages.
\"Nothing about today\'s action changes the fact that Facebook continues to infringe our patents,\" Yahoo! said in an email response to an AFP inquiry.
\"Companies who purchase patents are often working from a position of weakness and take these actions to strengthen their portfolio.\"
The Internet Age is becoming as known for patent litigation as it is for online innovation.
From the makers of computer chips to creators of smartphones and designers of videogames, rivalries have spread from marketplaces to courtrooms with combatants warring over rights to use technology.
Facebook in February added 750 IBM software and networking patents to its arsenal on an increasingly lawsuit-strewn technology battlefield.
Facebook\'s latest patent purchase came as the US International Trade Commission (ITC) issued a preliminary ruling that Microsoft infringed on Motorola Mobility patents in its hit Xbox 360 videogame consoles.
A final ruling from the quasi-judicial federal agency is expected later this year.
An ITC ruling against Microsoft would force the Redmond, Washington-based company to work out a licensing deal with Motorola or risk having its top-selling videogame console banned from US stores.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

facebook beefs up patent arsenal ahead of ipo facebook beefs up patent arsenal ahead of ipo

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

facebook beefs up patent arsenal ahead of ipo facebook beefs up patent arsenal ahead of ipo

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today PNG police start removing refugees

GMT 03:00 2017 Friday ,24 November

PNG police start removing refugees
Arab Today, arab today Sophian Yussef reveals suitable decoration

GMT 02:56 2017 Thursday ,23 November

Sophian Yussef reveals suitable decoration
Arab Today, arab today Syria congress to go ahead

GMT 02:24 2017 Friday ,24 November

Syria congress to go ahead
Arab Today, arab today IS media offline for a day

GMT 02:10 2017 Friday ,24 November

IS media offline for a day
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Human form of 'mad cow' disease

GMT 00:11 2017 Friday ,24 November

Human form of 'mad cow' disease
Arab Today, arab today British woman jailed in Iran to appear

GMT 03:19 2017 Friday ,24 November

British woman jailed in Iran to appear
Arab Today, arab today 'Trash islands' off Central America indicate

GMT 20:19 2017 Friday ,24 November

'Trash islands' off Central America indicate
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mitsubishi Materials units falsified product

GMT 03:24 2017 Friday ,24 November

Mitsubishi Materials units falsified product
Arab Today, arab today 'Robo-taxis' hold promise, and perils

GMT 08:07 2017 Thursday ,23 November

'Robo-taxis' hold promise, and perils
Arab Today, arab today Solaf happy for participating in “Hotline”

GMT 07:56 2017 Wednesday ,22 November

Solaf happy for participating in “Hotline”
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead

GMT 08:03 2017 Tuesday ,21 November

Abeer Sabry reveals reason of “The Flood” success

GMT 08:03 2017 Thursday ,23 November

Srebrenica women cry tears of joy

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts

GMT 09:12 2017 Thursday ,23 November

4 in 10 cancers due to modifiable risk

GMT 10:47 2017 Wednesday ,22 November

The Big Apple bike boom

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday