Software major Microsoft Corporation (NASDAQ:MSFT) has sold a part of its patent portfolio it recently acquired from AOL (NYSE:AOL) to social networking giant Facebook Inc. for $550 million in cash.

The deal entitles Facebook to a ownership of about 650 AOL patents and patent applications. However, Microsoft will still have the license to these patents. The deal is being seen as a strategic move by the Menlo Park, California-based Facebook to bolster  its intellectual pr...


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