IBM and Amazon settle all patent litigationAmazon has paid an undisclosed sum to settle all outstanding patent lawsuits with IBM. The two companies have also agreed a long-term patent cross-licensing agreement, giving Amazon access to IBM's patents on web technology.
This agreement will give Amazon greater freedom to innovate, the online retailer said, while IBM hopes this will be the start of a more productive relationship between the two companies.
They have been haggling over patents since September 2002, when IBM said it first approached Amazon about a licensing deal.
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