Facebook to Buy AOL Patents from Microsoft for $550 Mln
Microsoft Corp. (MSFT) said Facebook agreed to buy for $550 million in cash a portion of the patent portfolio Microsoft recently agreed to buy from AOL Inc. (AOL)
Facebook will take ownership of about 650 AOL patents and patent applications, plus a license to the AOL patents and applications that Microsoft will purchase and own.
Microsoft will retain ownership of about 275 AOL patents and applications, a license to the AOL patents and applications that will now be owned by Facebook, and a license to about 300 patents that AOL did not sell in its auction.
To contact the editor responsible for this story: Greg Chang at gchang1@bloomberg.net
Facebook to Buy AOL Patents From Microsoft for $550 Million
Rainier Ehrhardt/Getty Images
A collage of profile pictures at the new Facebook Data Center on April 19, 2012 in Forest City, North Carolina.
A collage of profile pictures at the new Facebook Data Center on April 19, 2012 in Forest City, North Carolina. Photographer: Rainier Ehrhardt/Getty Images
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