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Telecomunicaciones y tecnología

AOL to sell 800 patents to Microsoft for $1 billion


    (Reuters) - AOL Inc said it would sell over 800 of its patents and related applications to Microsoft Corp , and would grant Microsoft a non-exclusive license to the patents it retains, for slightly over $1 billion in cash.

    The patent sale includes the sale of an AOL subsidiary on which AOL expects to record a capital loss for tax purposes, AOL said in a statement.

    (Reporting by Sayantani Ghosh in Bangalore; Editing by Supriya Kurane)