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AOL Inc Completes $1.056 Billion Patent Transaction With Microsoft Corp
AOL Inc announced that it has completed the previously announced $1.056 billion patent transaction with Microsoft Corporation. The transaction includes the sale of over 800 patents and their related patent applications, and grants Microsoft a non-exclusive license to its retained patent portfolio for aggregate proceeds of $1.056 billion in cash. As a part of the transaction AOL also received a license to the patents being sold to Microsoft.
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