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Facebook Paying $550 Million for Some of AOL’s Patents
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Facebook Inc. is beefing up its intellectual property arsenal by paying $550 million for some of the patents Microsoft Corp. recently agreed to buy from AOL Inc.
Facebook, the world’s largest social network, will obtain about 650 AOL patents and applications, as well as a license to AOL patents and applications that Microsoft will purchase and own, the companies said in a statement today.