Facebook made a $550 million deal to buy 650 former AOL patents from Microsoft.
Facebook announced Monday that it will pay Microsoft $550 million for the majority of patents Microsoft acquired from AOL earlier this month.
In the initial AOL auction, Microsoft secured the ability to own or assign approximately 925 U.S. patents and patent applications plus a license to AOL’s remaining patent portfolio, which contains approximately 300 additional patents that were not for sale. . . . As a result of today’s agreement, Facebook will obtain ownership of approximately 650 AOL patents and patent applications, plus a license to the AOL patents and applications that Microsoft will purchase and own.