Twitter acquired more than 900 patents from IBM...

Twitter acquired more than 900 patents from IBM in December, the two companies revealed in a Friday release (http://ibm.co/1elUMq7). The price wasn’t disclosed. The companies also said they had entered into a patent cross-license agreement. “This acquisition of patents from IBM and licensing agreement provides us with greater intellectual property protection and gives us freedom of action to innovate on behalf of all those who use our service,” said Twitter Legal Director Ben Lee in a statement. The deal “illustrates the value of patented IBM inventions,” said IBM General Manager of Intellectual Property Ken King in a statement. IBM recently said it had received 6,809 patents in 2013, the most any company had ever received in one year (http://ibm.co/L02ZF6), adding the company had received the most U.S. patents each year for 21 straight years.