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Facebook and Yahoo forge partnership, settle disputes

Facebook and Yahoo have agreed to forge a broad internet advertising and licensing partnership, laying to rest their duelling patent lawsuits, Reuters has reported. The strategic deal, which expands an existing multi-year tie-up that involved mainly allowing Facebook users to share Yahoo content, encompasses cross-licensing of patents and collaboration on advertising offerings during major media events such as the Olympics or annual Super Bowl. The pact settles accusations claiming Facebook infringed 10 patents including several that cover online advertising technology.