Yahoo and Facebook Makes New Deal To Settle Patent Lawsuit
Couple of months ago, Yahoo! decided to take action against Facebook and filed a lawsuit against the popular social networking site for violating some of their important patents. At that time, Facebook told the media that they are innocent and not even afraid to stand their ground to defend the company. But it seems like Facebook has already decided to give up on this lawsuit by making a deal with Yahoo as they have now entered into definitive agreements that launch a new advertising partnership with Yahoo to settle the patent lawsuit.
“I’m pleased that we were able to resolve this in a positive manner and look forward to partnering closely with Ross and the leadership at Yahoo!,” said Sheryl Sandberg, Chief Operating Officer at Facebook. “Yahoo!’s new leaders are driven by a renewed focus on innovation and providing great products to users. Together, we can provide users with engaging social experiences while creating value for marketers.”
Both Facebook and Yahoo have came to this agreement to promote each other with advertising, but of course Yahoo is getting the most out of the deal, mostly because Facebook has also agreed to cover special events of Yahoo and connect news and information on Yahoo! sites on Facebook allowing users to share them with their Facebook friends. Which means there will be more Yahoo news articles appearing on Facebook news feed, and more. But at least the new couple will make a good use of the agreement and live happily ever after.
[Via: Yahoo! and Facebook Launch Strategic Alliance and Resolve Patent Dispute Facebook Newsroom]
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