Home / Twitter buys up 900 IBM patents

Twitter buys up 900 IBM patents

Microblogging service acquires IP bundle to bolster defences against litigation

Twitter buys up 900 IBM patents
Twitter’s slender patents portfolio was a source of concern in the run-up to its November IPO.

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.

Follow us to get the most comprehensive technology news in UAE delivered fresh from our social media accounts on Facebook, Twitter, Youtube, and listen to our Weekly Podcast. Click here to sign up for our weekly newsletter on curated technology news in the Middle East and Worldwide.

REGISTER NOW | Webinar Event | Security you can bank on – Safeguarding the Middle East’s financial sector

Presented in partnership with security and network specialist Cybereason, the second in the three part webinar series will bring together a panel of experts to discuss how banks and financial institutions are evolving their service offering while simultaneously staying one step ahead of the cyber criminals who seek to bring their operations crashing to the ground.

CHANNEL AWARD 2018