AOL inc. announced today that they have entered into a definitive contract with Microsoft Corporation to sell more than 800 patents and relative patent applications to Microsoft (MSFT) in addition to granting Microsoft a non-exclusive license to the patents which they retain for an accumulative $1.056 billion in cold hard cash. Tim Armstrong, AOL’s Chairman [...]
AOL $1 Billion Patent Sale To Microsoft is a post from: The Inquisitr