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Google and Yahoo Settle Overture Lawsuit

Posted by simoniker on from the happy-again dept.

An anonymous reader writes "Google and Yahoo have apparently settled their ongoing lawsuit involving patented on-line ad technology owned by Yahoo subsidiary Overture. (U.S. Patent 6,269,361). According to reports, Google will issue 2.7 million common shares to Yahoo in return for a license. Read more about the infringement suit here. This move is expected to lower any potential downsides to Google's upcoming IPO."

1 of 106 comments (clear)

  1. Re:Shares as cash? by Anonymous Coward · · Score: 5, Informative

    It's very common. For example, in almost any story involving the purchase of a company for $XXX million (particularly ones from the ex-dot-com days) the deal is actually for stock, not cash. It's also common for companies to swap options or warrants as part of some deal.

    Shares have value, even if a company isn't public. It's simply a little easier to place a value on a public company, since you have so many opinions floating around in the market.