Desperate AOL Sells 800 Patents to Microsoft For $1 Billion [Patents]

In an internal memo sent out this morning, AOL informed employees that it will sell 800 patents for $1 billion to Microsoft. Translation: AOL is severing organs and handing them over to Microsoft for badly needed cash. Microsoft, in turn, walks away with an arsenal of patents it can use to fight critical battles with bigger foes down the road. More »

Source: http://feeds.gawker.com/~r/gizmodo/full/~3/zqT5VS0Axug/desperate-aol-sells-800-patents-to-microsoft-for-1-billion

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