Microsoft buys and licenses AOL patents in $1bn deal

Microsoft is buying the majority of AOL’s patents in a deal worth $1.06bn (£668m) statement said the agreement covers the intellectual property rights to more than 800 innovations.

Microsoft will also be granted licensing rights to about 300 patents that AOL is keeping.

It is the latest in a series of such deals as technology firms act to bolster their chances in related lawsuits — via redwolf.newsvine.com

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