ARMONK, N.Y., Dec. 23, 2020 /PRNewswire/ -- IBM (NYSE: IBM) and
Airbnb (NASDAQ: ABNB) today announced that they have settled the
patent lawsuit between the companies commenced earlier this year in
Federal District Court in Delaware, and the case has been dismissed. The
terms of the settlement are confidential.
Dr. William Lafontaine, IBM's
general manager of intellectual property, said: "IBM invests more
than $5 billion annually in research
and development. This agreement further demonstrates the value of
our intellectual property that results from this innovation. We're
pleased this matter has been resolved."
About IBM:
IBM is the world's leading hybrid cloud
platform and Artificial Intelligence company. Learn more
@ www.ibm.com.
About Airbnb:
Airbnb is a community based on connection and belonging—a community
that was born in 2008 when two hosts welcomed three guests to their
San Francisco home, and has since
grown to 4 million hosts who have welcomed over 800 million guest
arrivals to about 100,000 cities in almost every country and region
across the globe. Hosts on Airbnb are everyday people who share
their worlds to provide guests with the feeling of connection and
being at home. At Airbnb, we believe that hosts, guests and the
communities where we operate are all stakeholders we have a
responsibility to serve, and that by serving them alongside our
employees and investors, we will build an enduringly successful
company.
IBM Press Contact: Doug Shelton, (914)255-8115 or
doshelton@us.ibm.com
Airbnb Press Contact: Christopher Nulty, (585)613-6609
or christopher.nulty@airbnb.com
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SOURCE IBM