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Google, Yahoo Settle Patent and Share Disputes

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Google and Yahoo announced today that they have resolved two contentious issues between the companies.

Under the terms of the agreement, Google will license U.S. Patent No. 6,269,361 and several related patents, held by Yahoo's wholly-owned subsidiary, Overture. Yahoo also dismissed its patent lawsuit against Google.

The lawsuit was originally filed in April 2002 by Overture, alleging infringement on Overture's patent on bid for placement search ranking and account management tools.

The two companies have also resolved a dispute regarding shares issuable to Yahoo related to a 2000 services agreement.

To resolve the dispute, Google issued an undisclosed number of shares of its Class A common stock to Yahoo.

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