TVNewser FishbowlDC AgencySpy TVSpy LostRemote PRNewser SocialTimes AllFacebook 10,000 Words GalleyCat UnBeige MediaJobsDaily

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.

Mediabistro Course

Travel Writing

Travel WritingStarting September 23, learn how to turn your travel stories into published essays and articles! Taught by a former Vanity Fair staff writer, James Sturz will teach you how to report, interview, and find sources, discover story ideas and pitch them successfully, and understand what travel editors look for in a story. Register now!