Microsoft has snapped up over 1 billion $ worth of patents from AOL, convering the intellectual rights to over 800 innovations and also gives the company licensing tights o around 300 other patents.
AOL will be passing on what it calls a “significant portion” of the funds to its shareholders, so that’s a good payday for them, then. The company’s shares also received a lift, rising over 40% following the news.Microsoft has, apparently, been looking into the deal for months, so it
will doubtless be pleased to have got what it wants. Not as pleased as those AOL shareholders, mind.
Source: MicroMat Magazine
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