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Groupon finally settles IBM patent suit with a $57M payment

Groupon finally settles IBM patent suit with a $57M payment

6 years ago
Anonymous $oIHRkISgaL

https://techcrunch.com/2018/10/01/groupon-finally-settles-ibm-patent-suit-with-a-57m-payment/

A patent suit between IBM and Groupon that has been underway for over two years has finally been settled. Today, the two companies announced that Groupon will pay IBM $57 million both to settle infringement claims, as well as to license e-commerce patents from IBM in the future. On IBM’s side, the company said it will “consider” offering Groupon products to employees as part of the company’s corporate benefits package.

“The license we have acquired to IBM’s patent portfolio will enable Groupon to continue to build amazing products for consumers and small businesses around the world. We look forward to sharing these products directly with IBM employees,” said Bill Roberts, Groupon vice president of Global Communications, in a statement.