Monday, April 09, 2012
AOL is selling more than 800 of its patents and applications to Microsoft for $1 billion.
AOL will continue to hold over 300 patents including advertising, search, and mapping, and said it received a license to the patents being sold to Microsoft.
"This is a valuable portfolio that we have been following for years and analyzing in detail for several months," Microsoft's General Counsel Brad Smith said.
Read more at Reuters.