Thursday, March 05, 2015
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Google Introduces Insurance Shopping Site
U.S. Trade Office Releases Latest Notorious Markets List
MPEG LA Introduces License for DisplayPort
Toshiba Starts Shipping 20-Megapixel CMOS Image Sensor For Mobile Devices
Larger iPad Production Pushed Back For September:
Intel Outlines 2015 Gaming News at GDC
HBO, Apple To Launch Video Streaming Service: report
Xbox One wireless controller Adapter Coming To Windows PCs
Active Discussions
Newbie
Need serious help!!!!
burning
nvidia 6200 review
Hello
Burning Multimedia in track 0
I'm lazy. Please help.
sanyo e6 camera
 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.


Previous
Next
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
MWC: Microsoft Unveils The Lumia 640 and Lumia 640 XL
Microsoft Band Gets New Features
Internet Explorer To Support HTTP Strict Transport Security Protocol
Microsoft Buys Sunrise In A Smartphone Push
Microsoft, Samsung Settle Patent Dispute
Bill Gates Sees Future In Robots
Microsoft Brings Office To iOS and Android Devices
Microsoft Offers Power BI Business Intelligence Tools For Free
Microsoft Reports Second Quarter Results
Microsoft Launches the Lumia 435 and Lumia 532 Smartphones
Microsoft Attacks Google Over Security Disclosures
Microsoft To Release Customer-centric Solutions This Spring

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 .