AOL is starting off the week with a bang -- and a billion-dollar jolt to its financials.
The company today announced that it has inked a deal with Microsoft that will see the online firm sell 800 of its patents and their related patent applications. In addition, Microsoft will be granted a non-exclusive license to the patents that AOL retains. The deal will cost Microsoft $1.056 billion in cash.
After the deal is done, AOL will hold 300 patents and patent applications related to advertising, search, and other technologies. It has also agreed to sign a license to use … Read more