The portal service Yahoo has demanded Facebook license technologies covered by its IP (intellectual property) portfolio or they will proceed with legal action.
Says the company: "We must insist that Facebook either enter into a licensing agreement or we will be compelled to move forward unilaterally to protect our rights."
Facebook, which has over 800 million users and recently took substantial share from Yahoo in the display advertising market, has responded that they have not had time yet to "fully evaluate" Yahoo's claims.
It is unclear what companies already license tech from Yahoo, or what the IP covers, but that will surely be made available in the near future, especially if legal action is required.
Written by: Andre Yoskowitz @ 28 Feb 2012 13:54
