AOL Sells 800 Patents For $1 Billion To Microsoft [Memo To Staff]

This just in: one chapter of AOL's patent journey is coming to an end. The company is selling 800 patents to Microsoft for just north of $1 billion. Tim Armstrong, the CEO of AOL, says that the company will continue to sold on to about 300 patents and patent applications as a result of that, spanning "core and strategic technologies" around advertising, search and content generation. Full memo below. More to come.

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