In an internal memo send out out this good morning , AOL inform employees that it will sell 800 letters patent for $ 1 billion to Microsoft . Translation : AOL is lop organs and turn over them over to Microsoft for badly needed cash . Microsoft , in act , walks aside with an arsenal of patent it can use to struggle vital battle with bigger foes down the route .
In the memo , account by AOL - owned TechCrunch , CEO Tim Armstrong says the deal is aimed at “ unlock the economic value of our letters patent portfolio . ” According to the memoranda :
This morning , we foretell that we ’ve concur to deal 800 of our patent of invention and their related applications to Microsoft for $ 1.056 billion in cash . Most significantly , for the future development flight and innovation for our business , we will uphold to accommodate a pregnant patent of invention portfolio of over 300 patents and letters patent applications sweep nub and strategical technologies , including advert , search , content generation / management , social networking , mapping , multimedia system / cyclosis and certificate among others . AOL also obtain a perpetual license to the patent being sold to Microsoft , which allows us to carry on to introduce and drive strategical ontogenesis across all area of our clientele .
AOL ’s constant license in reality makes this a pretty good trade for AOL . While AOL ca n’t use the patent of invention to oppose lawsuits anymore , it can still use the technology . It ’s like sell your railroad car and getting to drive it whenever you want . Way to go AOL ! The deal will reportedly be nail down by the end of the year . [ TechCrunch ]
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