It’s a big money day in tech news, as two separate billion dollar transactions have been announced. Early this morning, AOL announced the sale of 800 patents to Microsoft for $1.056 billion in cash. “The agreement with Microsoft represents the culmination of a robust auction process for our patent portfolio,” said Tim Armstrong, AOL’s Chairman […]
Day of Billion Dollar Buyouts: Facebook Acquires Instagram, Microsoft Buys AOL Patents
