Yahoo! (YHOO) Demands Facebook (FB) Pay Up or Else

Yahoo! (Nasdaq: YHOO) has reportedly set its sights on Facebook's (NYSE: FB) (NASDAQ: FB) profits and presented the social media giant with an ultimatum.

Yahoo! managers told Facebook to license the technologies currently considered Yahoo! intellectual property. Yahoo! managers threatened "legal matters." Yahoo! said other companies have agreed to the terms, but did not specifically identify which ones, Bloomberg said Tuesday morning.

This attempt by Yahoo! may play out to be interesting as the specifics on what technology Yahoo! is talking about has not been released. Management at Yahoo! is likely targeting any and all companies which have infringed on some of the patents, as it reaches for relevancy. Of course, Facebook is in the spotlight with its historical IPO coming in a few months.

Shares of Yahoo! are trading up 0.8 percent this morning.

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