Skip to content
Subscriber Only

Twitter Paid $36 Million for IBM Patents to Avoid Suits

Twitter Inc., the microblogging service that held an initial public offering last year, paid $36 million to acquire 900 patents from International Business Machines Corp., according to a filing.

The agreement, which was was signed in December and announced in January without financial details, resolved a dispute that prompted IBM to write to Twitter about possible infringement of at least three patents.