Monday, April 09, 2012

AOL Sells 800 Patents For $1 Billion To Microsoft [Memo To Staff] | TechCrunch

Patently interesting times
"This just in: one chapter of AOL’s patent journey is coming to an end. The company is selling 800 patents to Microsoft for just north of $1 billion: $1.056 billion in cash to be exact.
Tim Armstrong, the CEO of AOL (which owns TechCrunch), says that the company will continue to hold on to about 300 patents and patent applications after the sale. These span “core and strategic technologies” around advertising, search and content generation."
AOL Sells 800 Patents For $1 Billion To Microsoft [Memo To Staff] | TechCrunch
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