Facebook Buys AOL Patents From Microsoft For $550 Million In Cash

Although Facebook didn't buy AOL's patent portfolio the other week -- it was sold to Microsoft for $1 billion -- it's going to get a good portion of those patents anyway: Microsoft and Facebook today announced that Microsoft would be selling Facebook 650 of the 925 patents that it bought from AOL to Facebook for $550 million in cash. It will also get a license for the remaining 275 patents that Microsoft bought from the AOL portfolio, which Microsoft will continue to own. Microsoft also has a license for the 300 patents that AOL still owns. At this point, Facebook will not have a license for those patents still owned by AOL. The deal gives Facebook a much stronger position in the world of patents, where it had been weak up to now and has been facing lawsuits, most notably from Yahoo, over infringement.

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