Microsoft sells a number of AOL patents to Facebook

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Remember those patents Microsoft bought from AOL a few weeks ago for more or less 1 billion dollars? Well, the Redmond company has turned around and sold a number of those to Facebook for 550 million dollars. Microsoft sold 650 of the 925 patents it bought from AOL and has allowed Facebook to license the rest of the patents it did not buy. Facebook meanwhile, has also allowed Microsoft to license the patents that it bought from them in a similar agreement, which means that both companies have entered a strategic partnership of sorts to combat the ongoing patent litigation that permeates the current tech environment.

Source: MSNC