MoneyWatch Tech

​Yahoo puts more than 3,000 patents up for auction

/ AP

Cristiano Ronaldo is $88 million man, and other MoneyWatch headlines

SUNNYVALE, Calif. - Yahoo (YHOO) is hoping to sell most of its technology patents as part of a purge that also could culminate in the sale of its Internet operations.

More than 3,000 patents that have already been issued or are under approval review are on the auction block. The Sunnyvale, California, company says it hasn't set a minimum bid for the patent portfolio that it calls "Excalibur." Analysts have estimated that Yahoo Inc.'s patents are worth more than $1 billion.

Yahoo says it intends to retain more than 2,000 other patents that have been issued or awaiting approval in the U.S. and abroad.

The patent auction comes at the same time that Yahoo is weighing offers for Internet operations that include its email service and digital sports, finance and news sections.

First published on June 8, 2016 / 3:37 PM EDT

© 2016 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.

f

We and our partners use cookies to understand how you use our site, improve your experience and serve you personalized content and advertising. Read about how we use cookies in our cookie policy and how you can control them by clicking Manage Settings. By continuing to use this site, you accept these cookies.