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Wednesday, April 25, 2012

FACEBOOK TO PAY MICROSOFT $550 MILLION FOR 650 AOL PATENTS!

Social networking giant Facebook has struck a deal with Microsoft to get about 650 of some 800 patents that the latter is acquiring from America Online (AOL).

Tech site Ars Technica reported the patents Microsoft aims to acquire from AOL include patents related to the Netscape web browser.


Under the supposed deal, Facebook will pay $550 million to Microsoft for 650 AOL patents and patent applications.

Facebook will also gain a license to all the AOL patents that Microsoft will retain ownership of.

Earlier this month, Microsoft agreed to pay AOL $1 billion to acquire 800 patents and get licenses to the remaining 300 patents AOL plans to keep.

But Ars Technica said the deal depends on the completion of Microsoft's patent purchase from AOL, which is still pending regulatory approval.

Facebook is presently beefing up its patent portfolio in the wake of a lawsuit filed against the company by Yahoo. — TJD, GMA News

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