Yahoo lawyers believe the company can settle its patent dispute with Facebook in the next two weeks, Bloomberg reports.After Yahoo first sued Facebook over patents earlier this year, Facebook counter-sued.
Now Yahoo wants a two-week extension on the deadline to reply to that lawsuit.
Yahoo lawyer Kevin Smith explains in the filing: “The parties are currently engaged in settlement negotiations to resolve this dispute. The parties believe that a further extension will facilitate settlement.”
The settlement is probably going to mean a nice chunk of change for Yahoo – perhaps as much as a few hundred million dollars.
Dealing with a patent fight started by his short-tenured predecessor, Scott Thompson, was one of interim Yahoo CEO Ross Levinsohn’s top short term priorities. Next, expect him to work on patching things up with Microsoft.
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