AOL sells patents to Microsoft in $1.1 billion deal

from http://www.washingtonpost.com/business/technology/aol-sells-patents-to-microsoft-in-11b-deal/2012/04/09/gIQAFrjt5S_story.html?tid=pm_business_pop

America Online announced Monday that it has sealed a $1.1 billion deal with Microsoft for more than 800 patents.

According to a news release announcing the deal, the companies entered into a non-exclusive license for the patents, following an auction.