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April 23, 2012 08:30 pm GMT
Although Facebook didn't buy AOL's patent portfolio the other week -- it was sold to Microsoft for $1 billion -- it's going to get a good portion of those patents anyway: Microsoft and Facebook today announced that Microsoft would be selling Facebook 650 of the 925 patents that it bought from AOL to Facebook for $550 million in cash.It will also get a license for the remaining 275 patents that Microsoft bought from the AOL portfolio, which Microsoft will continue to own. Microsoft also has a license for the 300 patents that AOL still owns. At this point, Facebook will not have a license for those patents still owned by AOL.The deal gives Facebook a much stronger position in the world of patents, where it had been weak up to now and has been facing lawsuits, most notably from Yahoo, over infringement.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/y3wfsNo86PE/
Facebook Buys AOL Patents From Microsoft For $550 Million In Cash
Although Facebook didn't buy AOL's patent portfolio the other week -- it was sold to Microsoft for $1 billion -- it's going to get a good portion of those patents anyway: Microsoft and Facebook today announced that Microsoft would be selling Facebook 650 of the 925 patents that it bought from AOL to Facebook for $550 million in cash.It will also get a license for the remaining 275 patents that Microsoft bought from the AOL portfolio, which Microsoft will continue to own. Microsoft also has a license for the 300 patents that AOL still owns. At this point, Facebook will not have a license for those patents still owned by AOL.The deal gives Facebook a much stronger position in the world of patents, where it had been weak up to now and has been facing lawsuits, most notably from Yahoo, over infringement.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/y3wfsNo86PE/
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