Yahoo Inc sued Facebook Inc on Monday over 10 patents that include methods and systems for advertising on the Web, according to a copy of the lawsuit.<\/p>\n
The lawsuit, filed in a San Jose, California federal court, marks the first major legal battle among technology giants in social media and a major escalation of patent litigation that has already swept up the smartphone and tablet sectors and high-tech stalwarts such as Apple Inc, Microsoft Corp and Motorola Mobility Holdings Inc.<\/p>\n
Yahoo\u2019s patent lawsuit follows Facebook\u2019s announcement of plans for an initial public offering that could value the company at about $100 billion. A Facebook spokesman did not immediately respond to a request for comment on Monday.<\/p>\n
In an emailed statement, Yahoo said it is confident it will prevail.<\/p>\n
\u201cUnfortunately, the matter with Facebook remains unresolved and we are compelled to seek redress in federal court,\u201d the company said in a statement.<\/p>\n
Several social networking companies, including Facebook, have seen an uptick in patent claims asserted against them as they move through the IPO process.<\/p>\n
However, most of those lawsuits have been filed by patent aggregators that buy up intellectual property to squeeze value from it via licensing deals and none by a large tech company such as Yahoo.<\/p>\n","protected":false},"excerpt":{"rendered":"
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