Microsoft finalizes the purchase of more than 800 patents AOL
It was expected that the closing and completion of the purchase of patents for AOL by Microsoft will be held later this year, but the issue comes forward and AOL today announced that the company proudly Ballmer and Gates are now in their owned more than 800 new patents.
“The closing of the transaction represents another major step for AOL to increase the value of the company for our shareholders,” said CEO Tim Armstrong (not to be confused with the guitarist and vocalist of Rancid). And the latter is shown by the small but important fact that all proceeds from the sale will go straight into the pockets of shareholders.
Currently, the board of directors of AOL is working on finding the best and most effective method to deliver the money to those concerned. Moreover, among the side effects include the joy of Facebook with this , as it was thought that AOL could apply some sort of demand for the use of one of its patents. Hardly something will happen to Microsoft as the owner of such securities.
What about costs? USD $ 1,056 million for Patents related to Web search, advertising, content generation, social networking, and so on.
Link: AOL Announces Close of $ 1,056 Billion Transaction with Microsoft Patent (Business Wire)Tags: AOL, Facebook, Microsoft, Patents, purchase, transaction