Twitter buys up 900 IBM patents
Microblogging service acquires IP bundle to bolster defences against litigation
Twitter Inc has agreed to buy 900 patents from IBM in a move to build its tech portfolio and mount a defence against patent-infringement lawsuits, Bloomberg reported over the weekend.
"[The purchase] provides us with greater intellectual property protection and gives us freedom of action to innovate on behalf of all those who use our service," Ben Lee, legal director for Twitter, said in a statement.
Twitter's slender patents portfolio was a source of concern in the run-up to its November IPO. Indeed the company admitted in a regulatory filing that its lack of intellectual property could leave it vulnerable to litigation.
The financial terms of the agreement were not disclosed, but Twitter is expected to now receive access to technologies such as video compression; a technique to reduce Web traffic through computer interconnectivity; and a means to display ads without interfering with webpage user activity.