IPNews® – Yahoo and Facebook both released statements this week that they have agreed to drop their patent infringement litigation and license patented technology to each other. 

The initial lawsuit, filed in March 2012, alleged that Facebook infringed on multiple important Yahoo patents and was followed by a counterclaim by Facebook also alleging patent infringement.  Despite the fact that the settlement did not result in any monetary award for either party, both parties immediately began work on a new alliance.  To continue reading, click: Facebook and Yahoo Settle