Twitter Forks Over $36 million for IBM Patents

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A Securities and Exchange Commission filing revealed Twitter paid a pretty penny for a number of IBM patents. The social network forked over $36 million to obtain over 900 patents from IBM.

At the close of 2013, Twitter claimed 956 patents and 100 patent applications. The two parties completed the transaction back in December.

The news comes after IBM was suggesting possible patent-infringement on the part of Twitter last year. IBM claimed Twitter might have crossed the line with three patents pertaining to advertising, discovery of contact and resource locators. Before the case could go to a

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court, Twitter agreed to buy the patents from IBM, beginning a cross-licensing deal.

Details and photo courtesy of CNET