To Bulk Up Stock Price, AOL Sells Patents To Microsoft For Cool $1B

BY: 

Dave Forde
April 9, 2012

AOL has announced that it will be selling 800 of its 1,100 patents to Microsoft for $1 billion in cash, as one of the first players in the Internet space this will hopefully give the company a boost to their stock price, but more importantly mark a turning point for the company.

“The agreement with Microsoft represents the culmination of a robust auction process for our patent portfolio,” said Tim Armstrong, AOL’s Chairman and CEO. “We continue to hold a valuable patent portfolio as highlighted by the license we entered into with Microsoft. The combined sale and licensing arrangement unlocks current dollar value for our shareholders and enables AOL to continue to aggressively execute on our strategy to create long-term shareholder value.”

You can almost hear a big sigh of “temporary” relief from AOL’s CEO Tim Armstrong.

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Dave Forde


Dave “The Connector” Forde has been involved in the marketing, public relations and technology industry across Canada for over 20 years in various sales and marketing roles, he launched The Connected One network of business sites which connects buyers to the right sellers. Profectio and PR In Canada covers news about the marketing and public relations industry each day helping professionals advance their career and businesses. He also serves as an advisor to a number of businesses across the country. Find Dave on LinkedIn and Twitter.


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