Google Gives Yahoo More Stock To Settle Various Legal Disputes

from the paid-for-in-Google-stock dept

It appears that Google and Yahoo have wrapped up various legal battles heading into Google's IPO by having Google agree to fork about $300 million in Google stock to make all those problems go away (isn't it fun to have virtual currency in the form of stock?). The article doesn't do much to explain what legal claims are being settled, but it appears that the main one was the patent dispute that Overture had filed against Google for their use of an auction method for selling paid search ads. The other relates to a disagreement Yahoo had concerning how much equity they received when they initially put some money into Google and used their search technology. Update: has more details on the settlement.

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