Yahoo threatens to sue Facebook over patents – Silicon Valley / San Jose Business Journal

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Yahoo has reportedly demanded that Facebook license some 10 to 20 patents or face legal action.

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Yahoo Inc.    Yahoo Inc. Latest from The Business Journals Yahoo demands licensing fees from FacebookTwitter CEO coming to Cincinnati for Procter & Gamble eventFlickr pulls pins on Pinterest image sharing Follow this company reportedly wants Facebook Inc.    Facebook Inc. Latest from The Business Journals Yahoo demands licensing fees from FacebookTwitter CEO coming to Cincinnati for Procter & Gamble eventSocial media startups scramble for Facebook ad opportunity Follow this company to pay to license between 10 and 20 patents or face a patent lawsuit.

The New York Times cited unnamed sources in a story Monday night that said Yahoo (NASDAQ:YHOO) has told the social networking giant that the patents in question involve technologies that include advertising, the personalization of Web sites, social networking and messaging.

The paper quoted a Yahoo spokesperson as saying, “Yahoo has a responsibility to its shareholders, employees and other stakeholders to protect its intellectual property. 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 spokesman Barry Schnitt, however, told The Times, “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 isn’t clear how much Yahoo thinks it is owed by Facebook but the fight comes at a sensitive time for both companies. Facebook is getting ready to go public in the next few months and Yahoo is trying to establish its new identity under recently named CEO Scott Thompson.

Written by Cromwell Schubarth. Contact him at cschubarth@bizjournals.com or 408.299.1823.

Yahoo Inc.    Yahoo Inc. Latest from The Business Journals Yahoo demands licensing fees from FacebookTwitter CEO coming to Cincinnati for Procter & Gamble eventFlickr pulls pins on Pinterest image sharing Follow this company reportedly wants Facebook Inc.    Facebook Inc. Latest from The Business Journals Yahoo demands licensing fees from FacebookTwitter CEO coming to Cincinnati for Procter & Gamble eventSocial media startups scramble for Facebook ad opportunity Follow this company to pay to license between 10 and 20 patents or face a patent lawsuit.

The New York Times cited unnamed sources in a story Monday night that said Yahoo (NASDAQ:YHOO) has told the social networking giant that the patents in question involve technologies that include advertising, the personalization of Web sites, social networking and messaging.

The paper quoted a Yahoo spokesperson as saying, “Yahoo has a responsibility to its shareholders, employees and other stakeholders to protect its intellectual property. 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 spokesman Barry Schnitt, however, told The Times, “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 isn’t clear how much Yahoo thinks it is owed by Facebook but the fight comes at a sensitive time for both companies. Facebook is getting ready to go public in the next few months and Yahoo is trying to establish its new identity under recently named CEO Scott Thompson.

Written by Cromwell Schubarth. Contact him at cschubarth@bizjournals.com or 408.299.1823.

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