IBM accused Twitter of patent infringement back in November 2013, and today both companies announced the acquisition of over 900 patents.
According to the press release, Twitter acquired over 900 IBM patents in December, and the companies have also agreed to cross-license patents.
From Twitter Legal Director Ben Lee:
“This acquisition of patents from IBM and licensing agreement provides us with greater intellectual property protection and gives us freedom of action to innovate on behalf of all those who use our service.”
IBM says it “looks forward to a productive relationship with Twitter in the future,” and financial details were not disclosed at this time.
With 2013 marking the 21st year in a row, IBM holds the crown for the company with the most U.S. patents.