Facebook is beefing up its intellectual property arsenal by paying $550 million for some of the patents Microsoft recently agreed to buy from AOL. Facebook, the world’s largest social network, will obtain about 650 AOL patents and applications, as well as a license to AOL patents and applications that Microsoft will purchase and own, the companies said in a statement. Read the full story at Bloomberg
Facebook Paying $550 Million for Some of AOL’s Patents
Author: Shelly Palmer
Shelly Palmer is Fox 5 New York's On-air Tech Expert (WNYW-TV) and the host of Fox Television's monthly show Shelly Palmer Digital Living. He also hosts United Stations Radio Network's, Shelly Palmer Digital Living Daily, a daily syndicated radio report that features insightful commentary and a unique insiders take on the biggest stories in technology, media, and entertainment. He is Managing Director of Advanced Media Ventures Group, LLC an industry-leading advisory and business development firm and a member of the Executive Committee of the National Academy of Television Arts & Sciences (the organization that bestows the coveted Emmy® Awards).