AOL Closes Its $1.056 Billion Deal With Microsoft, Selling Its 800 Out Of 1,100 Patents

Posted on Jun 16 2012 - 6:06am by Editorial Staff

America Online (AOL) back in April announced that the company has entered into a definitive agreement to sell over 800, keeping over 300 significant patent portfolios to itself, of its patents and their related patent applications to Microsoft granting the software giant a non-exclusive license to its retained patent portfolio for aggregate proceeds of $1.056 billion in cash. The company confirmed that the patent deal with Microsoft completely done now.

The company expects to release more details by the month end, confirming that 100 percent of the proceeds will go back to stockholders itself. “The closing of this transaction represents another major step for AOL in increasing value for our shareholders,” the company said in a statement. “You should expect us to continue our momentum of creating and unlocking shareholder value… to return more value to shareholders and… create long-term shareholder value.”

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