AOL and Microsoft Announce $1.056 Billion Patent Deal
AOL to sell more than 800 patents to Microsoft; Microsoft to license more than 300 additional patents and patent applications from AOL
Transaction is tax-efficient for AOL
Upon closing, AOL expects to return a significant portion of the proceeds to shareholders
AOL Inc. (NYSE: AOL - News) (the “Company”) today announced that the Company has entered into a definitive agreement to sell over 800 of its patents and their related patent applications to Microsoft Corporation (NASDAQ: MSFT - News) (“Microsoft”) and to grant Microsoft a non-exclusive license to its retained patent portfolio for aggregate proceeds of $1.056 billion in cash.
- Published: 09 April 2012
- Written by Editor