AOL Inc. shares surged Monday to their highest level in more than a year after it said it has agreed to sell 800 of its patents and license others to Microsoft Corp. for about $1.06 billion in cash.
AOL Inc. shares surged Monday to their highest level in more than a year after it said it has agreed to sell 800 of its patents and license others to Microsoft Corp. for about $1.06 billion in cash.
Photo by Associated Press /Chattanooga Times Free Press .
published Monday, April 9th, 2012
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NEW YORK — AOL’s $1 billion deal to sell and license patents to Microsoft is another in a series of “Antiques Roadshow” moments in the technology world. Faded companies have been rummaging through their assets recently, and some of them have found musty old patents that turn out to be worth a great deal.

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