Web Sify
Follow us on
Sify.com » Topics » AOL
AOL News

Facebook pays Microsoft $550 mln for AOL patents
By Alexei Oreskovic and Diane Bartz 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. The deal, shortly before Facebook is expected to have the largest initial public offering in Silicon Valley history,