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.
You must have come across the term ‘virtual phone number’ in the recent past. This has gained a lot of popularity over the last few years but there are a lot of people who are unsure as to what it is all about. Initially it was considered to be a number on the internet that mainly revolves around internet based activity. Sadly, only a certain part of that is correct. Read more
These days the world of business is on the internet. If you are competitor in the industry, you need to have a strong online presence in order to sustain in the competition. One of the best ways to ensure that you have the correct online presence is by having a good business app. Read more
While it is easy to recover data in case of an operating system crash, it is not the same in the event of a PC or a Laptopcrash where data is deleted due to bad blocks, partition corruption, hard drive failure, etc. It becomes a real problem and a top priority over everything else. Read more