"EBay Inc. has settled a seven-year patent dispute with MercExchange LLC that prompted an important intellectual-property ruling from the U.S. Supreme Court.
The online auction company said in a statement Thursday that it bought the three MercExchange patents it had been accused of violating. The price was not disclosed; eBay said the figure would not materially affect its financial results...
EBay said the settlement would end all claims by MercExchange. In addition to the three patents involved in the case, eBay said it would license other technologies from MercExchange.
EBay spokeswoman Kim Rubey said she could not elaborate.