The New York Times reported, “Yahoo is seeking to force Facebook into licensing 10 to 20 patents over technologies that include advertising, the personalization of Web sites, social networking and messaging.” It cited anonymous sources.
According to sources, representatives from Facebook and Yahoo met on Monday, February 27 to discuss the matter.
"Yahoo has a responsibility to its shareholders, employees, and other stakeholders to protect its intellectual property," said a Yahoo rep. "We must insist that Facebook either enter into a licensing agreement or we will be compelled to move forward unilaterally to protect our rights."
Barry Schnitt, a spokesman for Facebook, said in a statement, “Yahoo contacted us the same time they called The New York Times and so we haven’t had the opportunity to fully evaluate their claims.”
It seems like Yahoo is ready to get down to business. It will be interesting to see how all of it plays out.
Sources: PCMag - Yahoo Threatens Facebook With Legal Action Over Patents and New York Times - Yahoo Warns Facebook of a Potential Patent Fight