Yahoo, Facebook Said to Reach Settlement in Patent Dispute
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Yahoo! Inc. and Facebook Inc. reached a settlement in a patent dispute, while agreeing to strengthen an alliance between the companies, people with knowledge of the matter said.
Facebook Chief Operating Officer Sheryl Sandberg and Yahoo’s interim chief executive officer, Ross Levinsohn, helped work out the terms, said the people, who asked not to be identified because the matter is private. Boards of both companies have agreed to the deal, one person said.