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| Edited By: |Source: ANI |Updated: Mar 18, 2018, 05:12 AM IST
Social networking giant Facebook has confirmed that it has purchased some of IBM's intellectual property rights.
According to a Bloomberg report, the deal involved 750 patents involving software, networking and other technologies.
Facebook earlier owned just 56 secured patents, the report said.
The move comes less than a fortnight after Yahoo launched a lawsuit against Facebook, The BBC reports.
The embattled Internet firm claimed that Facebook's "entire social network model" was based on its technology, and infringed its rights to innovations involved in messaging, privacy controls, advertising, customisation and social networking.
The Verge reported an unnamed source's claim that at least some of the patents involved in this latest deal might have been licensed by IBM to Yahoo.
Meanwhile, Facebook, IBM and Yahoo all have declined to comment on the matter.
