Microsoft to buy over 800 AOL patents for $1bln April 9, 2012 - 16:09 AMT PanARMENIAN.Net - Microsoft will shell out just over $1 billion to buy more than 800 patents from AOL and license 300 more. "We continue to hold a valuable patent portfolio as highlighted by the license we entered into with Microsoft," said AOL CEO Tim Armstrong in the release. "The combined sale and licensing arrangement unlocks current dollar value for our shareholders and enables AOL to continue to aggressively execute on our strategy to create long-term shareholder value." AOL shares have rallied on the news - at the time of this writing, stock is up 31% to $24.13 per share. AOL management intends to return a large chunk of the sale to shareholders and will figure out the most effective way to do so once the transaction is final, Business Insider reported.   Top stories Yerevan will host the 2024 edition of the World Congress On Information Technology (WCIT). Rustam Badasyan said due to the lack of such regulation, the state budget is deprived of VAT revenues. Krisp’s smart noise suppression tech silences ambient sounds and isolates your voice for calls. Gurgen Khachatryan claimed that the "illegalities have been taking place in 2020."   Partner news Most popular in the section |  Latest news Titus, Bilirakis lead legislation to sanction Azerbaijani war criminals  Representatives Dina Titus (D-NV) and Gus Bilirakis (R-FL) have introduced the bipartisan legislation.Azerbaijan must respect human rights, Scholz tells Aliyev German Chancellor Olaf Scholz has called for greater respect for human rights in Azerbaijan.Armenia: Defense Ministry warns against involving army in political processes The Ministry’s statement came after a video surfaced online, showing soldiers joining the protests in Tavush.Scholz hopes Armenia-Azerbaijan peace treaty will be signed this year German Chancellor Olaf Scholz hopes that a peace treaty between Armenia and Azerbaijan will be signed this year. |
