Microsoft Buys 800 AOL Patents For $1 Billion

netbuzz writes "Marking the latest escalation in the technology industry's intellectual-property arms race, Microsoft is paying AOL a shade over $1 billion for 800 patents, the cream of which AOL CEO Tim Armstrong has described as 'beachfront property in East Hampton.' Armstrong insists they haven't left the cupboard bare: 'We continue to hold a valuable patent portfolio as highlighted by the license we entered into with Microsoft. 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.'"

Comments

First "Me too"?

[Chas]

Do they cover 'leet? Follow-up posting with naught but "me too"? Or do they cover burying the public in excessive copies of useless physical media?

Bullshit

[Anonymous Coward]

"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."
Congrats, i think you just made it possible to win bullshit bingo with a single sentence!

Re:Bullshit

[gtall]

I was hoping for "synergistic" and "focus like a laser" to show up. Unless I hear those terms, the company just isn't a serious player in BB.

WOW AOL is still alive

[Isaac-1]

Raise your hand if you knew AOL was still around?

In the end

[daktari]

We, as small time tech entrepreneurs, will be able to rest assured that we shall only be sued by either Apple, Microsoft or Google (or a combination of these). That should simplify matters.

BINGO!

[xxxJonBoyxxx]

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.

BINGO!