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Ebay agrees to buy patents from MercExchange, settling legal dispute

Ebay agrees to buy patents from MercExchange, settling legal dispute

Ebay Inc. has settled a long-running patent dispute with technology company MercExchange LLC.
The San Jose online auctioneer says it has agreed to buy the three MercExchange patents it has been accused of violating. Ebay is not disclosing the purchase price or other financial terms of the settlement.
Great Falls, Virginia-based MercExchange sued eBay in 2001, arguing eBay's "Buy It Now" option infringed on MercExchange patents. A jury ruled in MercExchange's favor in 2003 and a judge in December upheld the $30 million (currently euro19.8 million) judgment, which eBay appealed.


Updated : 2021-05-16 16:24 GMT+08:00