Google, Yahoo reach licensing deal
- — 10 August, 2004 08:07
Google will license technology patented by Yahoo subsidiary Overture Services in one of two dispute settlements that the Internet search giants announced on Monday.
The license will cover U.S. Patent No. 6,269,361, entitled "System and method for influencing a position on a search result list generated by a computer network search engine" and related patents, according to a statement by the companies. For its part, Yahoo will dismiss a patent lawsuit against Mountain View, California-based Google, the statement said. Overture Services, which was acquired by Yahoo last year, sued Google in April 2002
In addition, the companies resolved a dispute over a stock warrant connected to a services agreement in 2000.
As part of the settlement of the warrant dispute and patent suit and in payment for the license, Google issued shares of its Class A stock to Sunnyvale, California-based Yahoo.
Representatives of both companies said they were pleased with the terms of the agreement.