IBM, Groupon Settle Patent Litigation
October 01, 2018
IBM and Groupon have settled all
patent lawsuits between the companies for approximately $57 million paid
to IBM and a long-term patent cross-license agreement between the
William Lafontaine, IBM’s general manager of intellectual property,
said: “IBM invests over $5 billion annually in research and development.
This agreement further demonstrates the value of our intellectual
property that results from this innovation. We're pleased this matter
has been resolved.”
As part of the settlement, IBM will consider making available certain
Groupon products and exclusives to its employee base as part of its
corporate benefits offer.
“The license we have acquired to IBM's patent portfolio will enable
Groupon to continue to build amazing products for consumers and small
businesses around the world. We look forward to sharing these products
directly with IBM employees,” said Bill Roberts, Groupon vice president
of Global Communications.
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