AOL is planning to sell over 800 patents and their related applications to Microsoft in a deal that is valued at $1.056 billion in cash. AOL has said a "significant" portion of the money from the deal will go to shareholders. The sale is expected to be completed by the end of this year. AOL will keep a patent portfolio of over 300 patents...
Tuesday, April 10, 2012
AOL Sells 800 Patents To Microsoft In Exchange For Approximately $1.1 Billion
AOL is planning to sell over 800 patents and their related applications to Microsoft in a deal that is valued at $1.056 billion in cash. AOL has said a "significant" portion of the money from the deal will go to shareholders. The sale is expected to be completed by the end of this year. AOL will keep a patent portfolio of over 300 patents...
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