AOL and Microsoft Announce $1.056 Billion Patent Deal
 

AOL Inc. today announced that the Company has entered into a definitive agreement to sell over 800 of its patents and their related patent applications to Microsoft Corporation and to grant Microsoft a non-exclusive license to its retained patent portfolio for aggregate proceeds of $1.056 billion in cash.

Following the sale, AOL will continue to hold a significant patent portfolio of over 300 patents and patent applications spanning core and strategic technologies, including advertising, search, content generation/management, social networking, mapping, multimedia/streaming, and security among others. AOL also received a license to the patents being sold to Microsoft.

http://www.techpowerup.com/163836/AOL-and-Microsoft-Announce-$1.056-Billion-Patent-Deal.html