. AOL and Microsoft on Monday announced an agreement in which the software giant will purchase 800 patents from AOL in a $1.056 billion cash deal. Microsoft will also license more than 300 additional patents from AOL as part of the agreement. “The agreement with Microsoft represents the culmination of a robust auction process for our patent portfolio,” said Tim Armstrong, AOL's chairman and CEO. “We continue to hold a valuable patent portfolio as highlighted by the license we entered into with Microsoft.
Boy Genius Report, AOL sells 800 patents to Microsoft in $1 billion deal
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