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    Twitter Paid $36 Million For IBM Patents To Avoid A Lawsuit

    Wochit Headline News

    by Wochit Headline News

    Twitter paid a somewhat hefty sum for a group of patents acquired from IBM. according to a filing published yesterday by a government agency, Twitter paid $36 million to acquire 956 patents and 100 patent applications from IBM. IBM announced the agreement between the companies in January, though the transaction actually completed in December. Rather than take the case to court, Twitter bought the patents from IBM and entered into a cross-licensing deal.