Facebook Says Negative Outcome of Yahoo Suit Could be Material
March 27 (Bloomberg) -- Facebook Inc., the social- networking service that plans an initial public offering, said that an unfavorable outcome in a patent dispute with Yahoo! Inc. could have a material impact on its business.
Yahoo sued on March 12, alleging that Facebook products infringe Yahoo patents related to advertising, social networking, privacy, customization and messaging, Menlo Park, California-based Facebook said in a filing today.
"This litigation is still in its early stages," Facebook said in the filing with the U.S. Securities and Exchange Commission. "If an unfavorable outcome were to occur in this litigation, the impact could be material to our business, financial condition, or results of operations."
To contact the reporter on this story: Brian Womack in San Francisco at bwomack1@bloomberg.net
To contact the editor responsible for this story: Tom Giles at tgiles5@bloomberg.net
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