Strange days indeed -- also see AOL Patent Sale Heavy With Tax Benefits (WSJ)
"That’s a side component of the $1 billion patent sale that AOL and Microsoft announced this morning. As part of the transaction, AOL announced that it was selling off “stock of an AOL subsidiary” at a loss, in a move that’s supposed to reduce its overall tax bill.Microsoft Buys Netscape In AOL $1 Billion Patent Deal - Peter Kafka - News - AllThingsD
AOL didn’t disclose the name of that subsidiary in its press release, but a person familiar with the transaction has clued me in: It’s Netscape."
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.