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Aol microsoft deal 090412

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AOL, Microsoft reach $1 billion patent deal
Microsoft has bought 800 AOL patents, as well as received licenses for the company's remaining 300 patents.
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Aol microsoft deal 090412

AOL Chairman and CEO Tim Armstrong addresses the audience at the Abu Dhabi Media Summit on March 10, 2010 in Abu Dhabi, United Arab Emirates. AOL's recent patent deal with Microsoft netted Armstrong up to $30 million in profits, according to Forbes.

Jack Dabaghian
AFP/Getty Images