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IBM, Priceline settle lengthy patent lawsuit

Published 12/29/2017, 07:41 AM
© Reuters.  IBM, Priceline settle lengthy patent lawsuit
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  • IBM (NYSE:IBM) and Priceline (NASDAQ:PCLN) resolve the patent lawsuit with a confidential settlement and cross-licenses to each other’s patent portfolio.
  • The patent case goes back to 2015 with the patents in question stretching back to the early days of the internet.
  • IBM accused Priceline (and its affiliates Kayak and OpenTable) of violating patents for the pre-World Wide Web online service Prodigy.
  • The patents related to app and ad displays based more on the user computer than the service’s servers.
  • In September of this year, a judge handed out a complicated split ruling in the case that likely led to the settlement.
  • IBM shares are up 0.3%.
  • Now read: IBM And Nvidia Team Up To Build The World's Fastest Computer


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