London, Feb 29: Embattled Internet giant Yahoo has threatened legal action against Facebook, demanding hefty licensing fees for using its nearly 20 patented technologies.
Yahoo claims the world’s largest social network is infringing its patents on advertising, privacy controls, news feeds and messaging services.
“Yahoo has a responsibility to its shareholders, employees and other stakeholders to protect its intellectual property,” The Telegraph quoted a Yahoo spokesman, as saying.
“We must insist that Facebook either enter into a licensing agreement or we will be compelled to move forward unilaterally to protect our rights,” the spokesman added.
According to the paper, Yahoo said other companies have already licensed some of the technologies that Facebook hasn’t.
Its patent claims follow Facebook’s announcement of plans for an Initial Public Offering that is expected to value the company at about 100 billion dollars.
According to The New York Times, the two firms have held talks on the issue.
According to the report, a Facebook spokesman said that ‘the firm did not get the opportunity to fully evaluate Yahoo’s claims.’
“Yahoo contacted us at the same time they called the New York Times and so we haven’t had the opportunity to fully evaluate their claims,” the spokesman said. (ANI)