DHAKA: Facebook and Yahoo announced a new advertising partnership as the two technology giants settled a court dispute over patents.
The deal includes ‘a patent portfolio cross-licence’ and will allow the two firms to ‘work together to bring consumers and advertisers premium media experiences promoted and distributed across both Yahoo! and Facebook’, a statement by the companies said.
The deal comes after Yahoo filed suit against Facebook in March, accusing the social networking giant of infringing on 10 patents.
Facebook responded by accusing Yahoo of infringing on its patented technology in a broad array of products including online venues for news, games, cars, travel and photo-sharing service Flickr, reports The Straits Times.
BDST: 1452 HRS, JUL 7, 2012
Edited by Robab Rosan, Cultural Affairs Editor