Microsoft Pays $1.056 billion for 800 AOL Patents

[samit]

Today, AOL and Microsoft announced the signing of a definitive agreement for the acquisition of over 800 patents and their related patent applications from AOL for aggregate proceeds of $1.056 billion in cash.

more info on: http://news.softpedia.com/news/Microsoft-Pays-1-056-Billion-for-800-AOL-Patents-263523.shtml

 

[iPanik]

A trillion dollars.. can i get that in cash?

 

[Jack]

A trillion dollars.. can i get that in cash?

must be a spelling mistake or something...really doubt that we can talk about 'cash' which such sums....

 

[iPanik]

Could be a classic case of using a dot instead of a comma, in which case we are talking about a more.. reasonable amount of money.

 

[McLovin]

AOL shares skyrocket thanks to patent deal with Microsoft

Microsoft's move to purchase 800 patents from AOL today for just over $1 billion has received Wall Street's stamp of approval, as least as far as AOL is concerned. The stock price for AOL has surged up over 43 percent as of this news post. The overall stock market is down for the day and Microsoft's stock price is down close to one percent as of this writing.

AOL has been struggling financially for a number of years and has been in the process of shutting down or selling off many of its operations, along with several mass layoffs. However, the amount of money it will receive via its deal with Microsoft could allow AOL to make some acquisitions that could finally turn things around for the company.

Sources.

 

[Gnosis]

Once our currency (dollar) is devalued, those patents will be worth only 25% of what Microsoft paid for them, whatever the amount actually was. If only I had a British pound for every dollar!