Facebook must pay licence fee or face action Yahoo

Facebook must pay licence fee or face action Yahoo

By: || Updated: 01 Jan 1970 12:00 AM


New York: Yahoo
Inc has threatened action against Facebook if the social networking giant
does not pay licence fee for using technologies which the Internet search
major claimed come under its intellectual property rights.

“We
must insist that Facebook either enter into a licensing agreement or we
will be compelled to move forward unilaterally to protect our rights,”
Yahoo said in a statement. Yahoo, however, did not disclose which are the
specific technologies, for which Facebook should pay.

The New
York Times had earlier reported that Yahoo is forcing Facebook to license
10 to 20 patents over technologies that include advertising,
personalisation of websites, social networking, and messaging.

“Yahoo
has a responsibility to its shareholders, employees and other stakeholders
to protect its intellectual property. We have invested substantial
resources into these innovations. Recognising that, other major web and
technology companies have already licensed some of these technologies,”
Yahoo said.

Meanwhile, Facebook in a statement has reportedly
said that “Yahoo contacted us at the same time they called The New York
Times and so we haven't had the opportunity to fully evaluate their
claims.”

Yahoo owns more than 1,000 patents. Interestingly,
Yahoo's revenue has been steadily falling during the past three years,
while Facebook's revenue has witnessed a significant surge.





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