Facebook Buys $550 Million in Patents From Microsoft
Apr 24, 2012 13:14
Facebook signed an agreement with Microsoft to acquire $550 million in patents, the companies announced on Monday. The patents were part of the $1.065 billion in patents Microsoft purchased from AOL earlier this month. Patent trading!
Microsoft took ownership of approximately 925 U.S. patents and patent applications in addition to a license to AOL's remaining patent portfolio of about 300 patents. Now, Facebook has taken possesion of 650 of those patents.
This leaves Microsoft with 275 of the original patents and applications it bought from AOL, and they will retain a licence to 640 of patents and applications now owned by Facebook. 300 in addition to the 300 or so AOL patents it gained a license to earlier.
“Today’s agreement with Facebook enables us to recoup over half of our costs while achieving our goals from the AOL auction,” Brad Smith, executive vice president and general counsel of Microsoft, said in the release.
Sources familiar with the details of the earlier deal told Bloomberg Businessweek that Microsoft did not intend to keep all of the patents it acquired from AOL and that Facebook made a bid for those same patents before but their bid was too low.
Data recovery is not much difficult nowadays because there are lots of free and paid software’s are available in the market there are only few data recovery software’s which provides immediate response and secure recovery.
Easeus Data Recovery Software is also one of the authentic and approved software which help users to immediate get back to all required data in original form. Read more
There are some gadgets and gizmos out on the market today that we could live a thousand years without and not know any different, even if we had given them a try before. On the other hand, there are some things that once you have tried will leave you wondering how you ever got this far without them. Read more
With the advent and rapid expansion of internet and technology, teens all around the globe now have the access to explore the world just with one click. It has become possible for them to reach out to any person in the world or gain access to any topic of their choice. Read more