[Reuters] Facebook pays Microsoft $550 million for AOL patents

Posted by: UGN Security

[Reuters] Facebook pays Microsoft $550 million for AOL patents - 04/23/12 06:31 PM

SAN FRANCISCO (Reuters) - Facebook will pay Microsoft Corp $550 million in cash for hundreds of patents recently sold by AOL, the social networking company's latest move to bulk up its intellectual property in the wake of a lawsuit filed by Yahoo.