AOL has announced a $1 billion deal with Microsoft on Monday. In return for the huge chunk of money, Microsoft will receive 800 patents and patent applications from AOL.
Advertisement
In addition, Microsoft will be granted a non-exclusive license to the patents that AOL retains. The deal will cost Microsoft $1.056 billion in cash.
According to cnet, AOL will only hold 300 patents and patent applications related to advertising, search, and other technologies after the deal is finalized.
https://twitter.com/#!/chest/status/189404618244104192
https://twitter.com/#!/MeganGeuss/status/189430443316215808
https://twitter.com/#!/mattyglesias/status/189406869985574912
https://twitter.com/#!/JacksonUTE/status/189460627759181824