Monday, August 15, 2005

MIVA shares surge on patent settlement with Yahoo

"Shares in MIVA Inc. (MIVA.O: Quote, Profile, Research) rose nearly 10 percent on Monday after the company said it settled a long-standing patent infringement suit on paid search listings with a Yahoo Inc. (YHOO.O: Quote, Profile, Research) subsidiary."

"MIVA, formerly known as FindWhat.com, has been locked in a three-year patent dispute with Yahoo's Overture Services over technology that allows advertisers to place listings on a search engine through an automated bidding system."

[Reuters]

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