Menu
Yahoo to sell patents relating to search, advertising and the cloud

Yahoo to sell patents relating to search, advertising and the cloud

Some patents relating to the core Internet business are being retained

Yahoo is selling over 3,000 patents and pending applications that the pioneering Internet company believes could be the most foundational patents related to Web search and advertising.

The patents are in the areas of search, advertising and cloud technology and 2,659 of these were assigned in April to a Yahoo subsidiary called Excalibur ahead of the sale.

“Yahoo is exploring the divestiture of a portfolio of more than 3,000 patents and pending applications covering a wide range of technology, including early-filed Internet search, advertising, and cloud technology,” a Yahoo spokeswoman said in an email Tuesday.

The divestiture of the patent portfolio “represents a unique opportunity for companies operating in the Internet industry to acquire some of the most pioneering and foundational patents related to web search and advertising,” she added.

The Internet company is retaining a significant number of patents and pending applications in the US and abroad that are related to its core Internet business. These include over 500 patents issued in the U.S., over 600 pending applications in the U.S and about 1,000 additional foreign equivalents that are both pending and issued.

Yahoo said during an earnings call for its fourth quarter 2015 results that it had begun to explore divesting non-strategic assets of value this year, including non-core patents and real estate, for between $1 billion and $3 billion in cash.

Invitations have been sent out to potential buyers and according to The Wall Street Journal, the preliminary bids have to be in by the middle of June.

Yahoo said it hasn’t fixed a reserve price or given any guidance on the price. It hasn’t disclosed the names of the companies to whom it has sent invitations to bid, other than describing them as "strategic-operating companies."

The company is meanwhile also exploring the sale of its core Internet business. Verizon Communications is said to have bid $3 billion for the Internet assets ahead of a Monday deadline, according to WSJ.

Subscribe here for up-to-date channel news

Follow Us

Join the New Zealand Reseller News newsletter!

Error: Please check your email address.

Tags Yahoo

Featured

Slideshows

StorageCraft celebrates high achievers at its inaugural A/NZ Partner Awards

StorageCraft celebrates high achievers at its inaugural A/NZ Partner Awards

Revealed at a glitzy bash in Sydney at the Ivy Penthouse, the first StorageCraft Partner Awards locally saw the vendor honour its top-performing partners with ASI Solutions, SMBiT Pro, Webroot, ACA Pacific and Soft Solutions New Zealand taking home the top awards. Photos by Maria Stefina.

StorageCraft celebrates high achievers at its inaugural A/NZ Partner Awards
Kiwi resellers make a splash on Synnex and Lenovo RotoVegas road trip

Kiwi resellers make a splash on Synnex and Lenovo RotoVegas road trip

​Synnex and Lenovo hosted 18 resellers for an action-packed weekend adventure in RotoVegas, taking in white water rafting on the Kaituna River, as well as quad biking and dinner at Stratosfare​, overlooking Lake Rotorua at the top of Mount Ngongotaha​. Photos by Synnex.

Kiwi resellers make a splash on Synnex and Lenovo RotoVegas road trip
Show Comments