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AOL Sells Microsoft Patents for $1 Billion in Cash

Now this is how you start a week: Aol is selling 800 patents to Microsoft for $1.056 billion in straight cash, homey. Aol is keeping over 300 patents related to advertising, search, content management and more. As part of the deal, Microsoft has a non-exclusive license to those retained patents.

Aol is returning a “significant portion of the sale proceeds” to its shareholders and as of right now, stock is up 42 percent. Quite a nice Monday for Aol.

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