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Facebook is paying Microsoft $550 million in cash for a chunk of the patent portfolio that Microsoft recently acquired from AOL.
Earlier this month, Microsoft spent more than $1 billion to buy roughly 800 patents from AOL, and it's now selling the majority of them to Facebook. Facebook is buying about 650 AOL patents and patent applications, and also gain a license to the 275 other patents and patent applications that Microsoft will continue to own.
joined:Apr 20, 2012