Facebook to Buy AOL Patents from Microsoft
Microsoft, which just bought patents from AOL for $1 billion, is now turning around and selling most of them to Facebook for $550 million.
AOL Microsoft Patents
Microsoft, which just bought patents from AOL for $1 billion, is now turning around and selling most of them to Facebook for $550 million.
AOL said Monday that it would sell 800 patents and their related applications to Microsoft and grant it a license for its remaining patents for a total about $1.06 billion in cash. AOL plans to return some of the proceeds to its shareholders.