Yahoo Corp and Facebook Inc have come together and have formed an advertising alliance and have settled their patent suits. Ross Levinsohn, interim CEO of Yahoo and Sheryl Sandberg, Chief Operating Officer at Facebook have sorted out difference and signed new deals entering into “definitive agreements” and advertising partnership. This partnership also includes multi-year tie-up that involved mainly allowing Facebook users to share Yahoo content.

[box_dark]The official statement reads as follows, in part:

“Under the agreements, which include a patent portfolio cross-license, the parties will work together to bring consumers and advertisers premium media experiences promoted and distributed across both Yahoo! and Facebook. Yahoo! and Facebook will also work together to bring Yahoo!’s large media event coverage to Facebook users by collaborating on social integrations on the Yahoo! site.”[/box_dark]

[box_dark]“Since the launch of the original multi-year partnership between Yahoo! and Facebook that allows users to discover and connect news and information on Yahoo! sites and share them with their Facebook friends, Yahoo! has integrated the feature called “Social Bar” on more than 100 of its properties globally, and more than 90 million users have implemented it. As a result, Yahoo! has the largest active user base among all news sites that have integrated with Facebook’s Open Graph platform, making Social Bar the world’s leading social news application.”[/box_dark]

Facebook has been beefing up its patents arsenal by buy 650 patents and license from Microsoft paying $550m.  Yahoo has been provided access to Facebook’s social graph to to boost its social-based advertising as Facebook having “one of the worst performing sites for advertising”

Source: slashgear

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