IBM announced on Friday that it sold more than 900 patents to Twitter back in December of last year, and that the two firms inked a cross-license patent agreement. The deal officially ends a spat between the two companies, in which IBM chased after Twitter and accused it of infringing on its patents that were related to discovering contacts, advertising in an interactive space and “retrieving uniform resource locators,” according to a November article from Tech Crunch.
Twitter had originally planned to fight the infringement accusations, but it appears the company decided to buy and license them instead of going to court. Twitter legal director Ben Lee said Twitter now has the “freedom of action to innovate on behalf of all those who use our service.” IBM”s general manager of intellectual property Ken King said IBM is pleased with the deal and that it “illustrates the value of patented IBM inventions and demonstrates our commitment to licensing access to our broad patent portfolio.”
If only all patent arguments could end so cordially. Details of the transaction were not disclosed by either party.