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Holy Sh*t: Google and Yahoo Settle Patent Lawsuit

By - August 09, 2004

This just in from the Journal(sub required):

Google Inc. and Yahoo Inc. settled disputes over patents and service agreements, with Google agreeing to issue 2.7 million shares to Yahoo.

Google warned that it will take a charge of $260 million and $290 million related to the settlement, which will lead it to post a net loss for the current quarter.

Google agreed to license a patent held by Yahoo’s Overture unit related to the way advertisements are attached to search results. Such advertising is a lucrative part of Google’s business, and Yahoo had filed a patent lawsuit alleging that Google was inappropriately using a system developed by Overture. As part of Monday’s agreement, Yahoo agreed to drop that lawsuit.

Yow. More to come.

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2 thoughts on “Holy Sh*t: Google and Yahoo Settle Patent Lawsuit

  1. Was there a missing ‘between’ in this sentence:

    “Google warned that it will take a charge of $260 million and $290 million related to the settlement, which will lead it to post a net loss for the current quarter.”

    Or is it two charges totaling $550m?

  2. Yes, there was…! It’s between, not both!

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