Yahoo Officially in Settlement Talks With Facebook Over Patent Case (Like ATD Said)

Yahoo said in a court filing that it is in settlement talks with Facebook over its patent infringement litigation.

The Silicon Valley Internet giant asked for a two-week delay for a hearing on the legal battle, noting, without a great deal of detail, that “the parties are currently engaged in settlement negotiations to resolve this dispute.”

AllThingsD.com had already reported two weeks ago that the pair were engaged in serious talks to end the litigation. The settlement is in advanced stages and hinges on a variety of terms around cross-licensing patents and an enhanced partnership between Yahoo and the social networking giant. It is unlikely any substantive cash payment will trade hands.