WASHINGTON (AP) — The Defense Department is establishing a series of cyber teams charged …
In this Jan. 17, 2012 file photo, attendees at the National Retail Federation visit a Microsoft display, in New York. (AP Photo/Mark Lennihan, File)
Pentagon forming cyber teams to…
Google pays $7M fine to settle…
SAN FRANCISCO (AP) — Google will pay a $7 million fine to settle a multistate …
Mars rover shows planet could…
LOS ANGELES (AP) — Drilling into a rock near its landing spot, the Curiosity rover has …
Viral videos stoke celebrities' images
NEW YORK (AP) — Mila Kunis' stardom went up a notch last week, and you would think it's …
Advertisement
Microsoft sells AOL patents to Facebook
Deal is worth $550 million
Updated: Monday, 23 Apr 2012, 12:22 PM EDT
Published : Monday, 23 Apr 2012, 12:22 PM EDT
NEW YORK (AP) — Microsoft, which just bought patents from AOL for $1 billion, is now turning around and selling most of them to Facebook for $550 million.
Microsoft and Facebook said Monday that Facebook is buying about 650 of the 925 AOL patents and patent applications Microsoft bought.
Facebook will also get a license to use the rest of the AOL Inc. patents. Similarly, Microsoft Corp. will get a license to use the patents Facebook is buying. This part of the arrangement amounts to an agreement between Facebook and Microsoft not to sue each other over any of the AOL patents.
Microsoft says the deal enables it to recoup half the cost of the AOL deal while reaching its goals for the purchase.
Enjoying the day at The Greene, gearing up for tonight's all new Arrow!
Email This
Print This
View Story on a Single PageAdvertisement
Advertisement
Angelina Jolie has double mastectomy
Angelina Jolie says that she has had a preventive double mastectomy after …