NEW YORK ( TheStreet) -- AOL (AOL - Get Report) agreed to sell more than 800 of its patents to Microsoft (MSFT - Get Report) and to grant the software giant a non-exclusive license to its retained patent portfolio for $1.056 billion in cash.AOL, in a press release Monday, said it would retain more than 300 patents related to among other things, advertising and search. AOL said it received a license to the patents being sold to Microsoft.
AOL to Sell 800 Patents to Microsoft in $1.1B Deal
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