Twitter pays $36m for IBM patents

Twitter Inc spent $36 million to buy 900 IBM patents, according to documents filed with the Securities Exchange Commission.

Twitter Inc spent $36 million to buy 900 IBMpatents, according to documents filed with the Securities Exchange Commission. The microblogging giant previously disclosed that it has bought IBM patents and signed a cross-licensing agreement with IBM, however, the amount was not revealed. 

The agreement reportedly was signed after IBM accused Twitter in November - on the eve of its high-profile initial public offering - of infringing three of its patents. At the time, it underscored how few patents the six-year-old social media company possessed in relation to more established rivals. 

A cross-licensing agreement will help safeguard Twitter against similar claims in the future. 

IBM is one of the industry's largest research spenders and stockpilers of intellectual property, a consistent leader in US patent filings and the owner of some 41,000 patents. 

Twitter is following on the heels of Facebook, which itself faced similar claims before its own 2012 IPO. The world's largest social network has since gone on a patent-buying spree, acquiring intellectual property from tech bellwethers, including Microsoft Corp and IBM.

Hi guys If u like this post please leave a comment in comment box... comment box will top right of every post and bottom of every post. its useful for me give a better information.. check top of the blog there is menu bar in that go to comments i replied for u r comments because there is no direct option for reply for u r comments. if u want to give any suggestion in bottom of blog there is contact information option please leave a msgs with u r mail id sure i will get u.