Feeds

Facebook! and! Yahoo! kiss! and! make! up! with! tasty! ad! juice!

Time to bury that patent lawsuit... bitch

The essential guide to IT transformation

Facebook and Yahoo! are friends again after their lawyers cobbled together a settlement in their shouting match over patents.

The two internet outfits had been at loggerheads for much of 2012 following a sueball slung at Facebook from Yahoo!

The Purple Palace had alleged that the dominant social network had infringed on 10 of its patents just as Facebook was preparing to take itself public on Wall Street. Instead of keeping a low profile ahead of its IPO, Facebook countersued Yahoo!, which has been in terminal decline for years.

As of Friday, peace fell upon Yahoo! and Facebook after the two companies agreed to spread some advertising love around.

According to Reuters, under the settlement - which extends an existing deal between the two parties - Facebook users will be able to share Yahoo! content, while there will also be cross-licensing of patents and teamwork on ad offerings during big events such as the forthcoming London 2012 Olympics.

Mark Zuckerberg's right-hand woman and Facebook COO Sheryl Sandberg said: "I'm pleased that we were able to resolve this in a positive manner and look forward to partnering closely with Ross [Levinsohn, interim Purple Palace helmsman] and the leadership at Yahoo!" ®

5 things you didn’t know about cloud backup

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
No, thank you. I will not code for the Caliphate
Some assignments, even the Bongster decline must
Barnes & Noble: Swallow a Samsung Nook tablet, please ... pretty please
Novelslab finally on sale with ($199 - $20) price tag
Banking apps: Handy, can grab all your money... and RIDDLED with coding flaws
Yep, that one place you'd hoped you wouldn't find 'em
Video of US journalist 'beheading' pulled from social media
Yanked footage featured British-accented attacker and US journo James Foley
Primetime precrime? Minority Report TV series 'being developed'
I have to know. I have to find out what happened to my life
Netflix swallows yet another bitter pill, inks peering deal with TWC
Net neutrality crusader once again pays up for priority access
Judge nixes HP deal for director amnesty after $8.8bn Autonomy snafu
Lawyers will have to earn their keep the hard way, says court
Ex-IBM CEO John Akers dies at 79
An era disrupted by the advent of the PC
prev story

Whitepapers

Top 10 endpoint backup mistakes
Avoid the ten endpoint backup mistakes to ensure that your critical corporate data is protected and end user productivity is improved.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Backing up distributed data
Eliminating the redundant use of bandwidth and storage capacity and application consolidation in the modern data center.
The essential guide to IT transformation
ServiceNow discusses three IT transformations that can help CIOs automate IT services to transform IT and the enterprise
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.