Slashdot Mirror

← Back to Stories (view on slashdot.org)

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. Shares as cash? by usefool · · Score: 5, Interesting

    Is it a common practice nowadays to use shares (IPO even) for payment?

    My understanding is that if a share is not sold, you don't have a cent yet in your pocket.

    The article estimated that would net Yahoo as much as an additional $149 million at the high end of Google's expected IPO price range. However, could (and would) Yahoo sell all shares at the high end price though?

    --
    Uselessful technology (Air-Charged