Deals
AOL Said to Hire Evercore to Find Patent-Portfolio Buyer
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AOL Inc. hired Evercore Partners Inc. to find a buyer for its more than 800 patents and explore other strategic options, according to three people with knowledge of the situation.
Private-equity firms, including Providence Equity Partners Inc., TPG Capital and Silver Lake, have approached AOL about taking the company private, yet those overtures haven’t resulted in a deal, said the people, who asked not to be identified because the matter hasn’t been disclosed.