BUSINESS
April 23, 2012 | By Jessica Guynn
SAN FRANCISCO -- Microsoft, which just bought patents from AOL for more than $1 billion, is now selling most of them to Facebook for $550 million. The two companies said Monday that Facebook is buying about 650 of the 925 patents and patent applications. Facebook will get a license to use the rest of the patents. Microsoft will also get a license to use the patents that Facebook is buying. “Today's agreement with Microsoft represents an important acquisition for Facebook,” said Ted Ullyot, Facebook's general counsel, in a written statement.
BUSINESS
April 23, 2012 | By Michelle Maltais
It seems patents have been playing an increasingly crucial role in the business ecosystem. Microsoft just flipped to Facebook for $550 million a portion of its recent $1-billion bundle buy of patents from AOL. The companies said Facebook is buying about 650 of the 925 patents and patent applications. "It is interesting to see that Microsoft paid $1.14 million per patent property while Facebook paid $850,000 for part of the...
BUSINESS
April 19, 2012 | By Jessica Guynn, Los Angeles Times
SAN FRANCISCO - Larry Page, the co-founder of Google Inc. who returned as its chief executive one year ago, has commanded respect for making decisive, bold moves to recharge the search giant. But the usually self-assured Page appeared uncomfortable on the witness stand Wednesday in U.S. District Court in San Francisco. He was there to dispute allegations that his company infringed Oracle Corp.'s patents and copyrights to build its Android mobile software, which now powers more than 300 million mobile devices.
BUSINESS
April 17, 2012 | By Jessica Guynn, Los Angeles Times
SAN FRANCISCO — It's being called the World Series of intellectual property trials. Oracle Corp. has accused Google Inc.'s top executives of swiping a crucial bit of technology to build its Android software that now powers more than 300 million mobile devices. The showdown between the two Silicon Valley heavyweights got underway in a San Francisco federal courtroom this week with a blast of high-tech star power as the dueling multibillionaire chief executives, Oracle's Larry Ellison and Google's Larry Page, took the stand.
BUSINESS
April 17, 2012 | By Jessica Guynn
SAN FRANCISCO -- Oracle and Google were facing off in the second day of a high-stakes intellectual property showdown in a San Francisco federal courtroom Tuesday when Twitter made a surprise announcement: It pledged that employees who created its technology would exercise control over the patents so they could not be used as a legal battering ram against other companies. The “Innovator's Patent Agreement,” or IPA, would give legal rights to inventors and ensure that patents are not used to “impede the innovation of others,” the San Francisco company said in a post on its official blog.
BUSINESS
April 9, 2012 | By Michelle Maltais
AOL's surprising sale of 800 patents to Microsoft for about $1.06 billion gives the company a cash infusion that Wall Street seems to like. Although neither company is saying what the patents cover, what Microsoft actually bought was leverage. "Patents are nothing but a license to sue," to exclude others, said Alexander Poltorak, chairman and chief executive of General Patent Corp. A license to sue, but an opportunity to strike a deal. "Only [between] 3 and 4% of patent lawsuits end up in trial," with most ending up in an arrangement beneficial to both companies, he said.