After facing over twenty lawsuits last year, Facebook took steps to alleviate the pressure by purchasing over seven hundred patents from International Business Machines (IBM). The purchase includes various technologies used in networking and software application.
Currently Facebook holds only around fifty patents, but has many more applications filed with the US patent office (around 500). This new acquisition dramatically improves the size of Facebook's patent portfolio and could be useful in fending off lawsuits like the one they are fighting right now from Yahoo!.
It looks like there's going to be a war between Yahoo! and Facebook, and now Facebook is properly armed to engage Yahoo!. We'll wait to see what happens. In the meantime Twitter will let us know what people are thinking about with Facebook's new acquisition:
Facebook Bought 750 Patents From IBM [REPORT]:
Facebook buys 750 patents from IBM. Likely as defensive weapons against Yahoo. Watch this space!