Google, Yahoo! Settle Patent Dispute

By Nate Mook | Published August 9, 2004, 12:47 PM

Ahead of its upcoming IPO, Google has settled a patent lawsuit brought on by Yahoo! over advertisements in search results. Google will issue to Yahoo! 2.7 million shares, which could be worth over $300 million USD, in exchange for a license to use the technology patented by Yahoo!'s Overture unit. As part of the settlement, the two companies have also resolved an earlier dispute over an agreement that gave Yahoo! warrants to purchase Google shares.

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