Tuesday, October 13, 2015
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Canon Debuts EOS M10, GX 5 and GX 9 Cameras
LG Electronics Applies For The 'G Pay' Trademark
Samsung Maintains Highest DRAM Market Share in Q2
Toshiba Introduces Windows 10 dynaPad Tablet, dynabook Notebooks
Google Releases Cardboard SDK
Latest Windows 10 Build Integrates Skype Messaging, Adds New Features
Qualcomm Sells Vuforia AR Business to PTC For $65 million
HyperX Releases Cloud Mav Edition Headset
Active Discussions
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
How to burn a backup copy of The Frozen Throne
Help make DVDInfoPro better with dvdinfomantis!!!
Copied dvd's say blank in computer only
menu making
Optiarc AD-7260S review
 Home > News > General Computing > Microso...
Last 7 Days News : SU MO TU WE TH FR SA All News

Monday, April 09, 2012
Microsoft To Spend $1.056 Billion On Buying AOL Patents

AOL Inc. will sell over 800 of its patents and their related patent applications to Microsoft and will grant Microsoft a non-exclusive license to its retained patent portfolio for aggregate proceeds of $1.056 billion in cash.

After the sale is completed, AOL will continue to hold a significant patent portfolio of over 300 patents and patent applications spanning core and strategic technologies, including advertising, search, content generation/management, social networking, mapping, multimedia/streaming, and security among others. AOL also received a license to the patents being sold to Microsoft.

The patent sale includes the sale of the stock of an AOL subsidiary upon which AOL expects to record a capital loss for tax purposes and as a result, cash taxes in connection with the sale should be immaterial. Additionally, AOL expects to utilize approximately $40 million of its existing deferred tax assets, representing approximately 20 percent of its total deferred tax assets, to offset any ordinary income taxes resulting from the license of its remaining patent portfolio.

AOL said that it intend to return a significant portion of the sale proceeds to shareholders. Pro forma for the sale and license, as of December 31, 2011, AOL would have had approximately $15 per share of cash on hand.

"The agreement with Microsoft represents the culmination of a robust auction process for our patent portfolio," said Tim Armstrong, AOL's Chairman and CEO. "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."

The transaction is expected to be completed by the end of 2012.

Intel 7-Series Chipset Officially Debuts        All News        LG Targets Galaxy S III With New D1L Smartphone
Facebook Buys Photo- sharing App Instagram For $1 Billion     General Computing News      STMicroelectronics To Pay $59 million to NXP

Get RSS feed Easy Print E-Mail this Message

Related News
Microsoft Buys Havok
Microsoft Works On A Laptop Battery System That Adapts To Your Habits To Last Longer
Microsoft Expands Licensing Agreements With Asus, I-O Data
Google, Microsoft Resolve Global Patent Fight
Microsoft Changes Its Financial Reporting Structure
We Don't Collect Advertising Data: Microsoft
Microsoft Partners With Baidu To Help Windows 10 Expansion In China
New Surface Tablet, Lumia Phones Expected To Launch In October 6 Event
Microsoft and Dell Partner to Deliver Windows 10 devices And Support to the Enterprise
Microsoft Sued InterDigital In Patent Feud
Microsoft Posts FY15 Q4 Loss
Microsoft Universal Foldable Keyboard Released

Most Popular News
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2015 - All rights reserved -
Privacy policy - Contact Us .